What was happening in Africa on October 20, 2017, it is difficult to call stock trading - this is real madness. On that day, at the Zimbabwe's Golix Exchange, the bitcoin rose above $ 9,000.
This became possible because of the desire of the inhabitants of the country to escape from hyperinflation. Since there is no currency in the country, such things as foreign currency, food and goods, and now also the Crypto currency, are becoming the subject of speculation.
How does the country live without its own currency? To date, "surrogates" of money are used - receipts for American dollars. Therefore, it becomes clear that people want to have something really valuable, even if they are at least surrogates.
For a month, the high exchange rate of bitcoin has been kept on the local exchange:
- The lowest price for 30 days did not fall below 8800 dollars;
- the peak of the price of crypto currency has reached even 10 100 dollars.
If you try to buy bitcoins through the service LocalBitcoins, then the price and does more than 11 000 dollars.