Description: Bitcoin climbed as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power. The price of the cryptocurrency in the Southern African nation jumped as high as $13,499, almost double the rate at which it trades in international markets, according to prices cited on Golix’s website. It traded at $13,010 by 3:34 p.m. in Harare, the Zimbabwean capital.
Date: Nov 15, 2017
Questions for discussion:
- What role did Bitcoin play in Zimbabwe during the crisis?
- Why did Bitcoin value surge during this time in the country but not as much internationally?
- What future do you see for Bitcoin and other cryptocurrencies?