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Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil

•, Jamie Redman

Furthermore, demand for bitcoin is skyrocketing as the country's only exchange is seeing bitcoin trades at US$6150 per BTC at the time of writing.

Zimbabweans are dealing with an economic crisis at the moment, as the country is seeing a wave of food and fuel shortages across the country. The nations' currency is practically worthless, and Zimbabwe's central bank is draining the reserves of individual forex markets. This is leading the country's citizens towards finding alternative stores of value like hoarding gasoline, food and medical supplies, certain commodities, and now the digital asset bitcoin.

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