Why everyone’s talking about bitcoin and Zimbabwe

A man holds a two dollar Zimbabwean ‘bond note’ withdrawn in Harare, Zimbabwe on November 28, 2016.

A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing.

“Zimbabwe panic sends bitcoin soaring over $6,000?” asked a report on one cryptocurrency website over the weekend. While the answer is clearly no — there’s not enough trade in Zimbabwe to impact the price — it does hint at two issues…

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