Venezuela, where local residents fleeing from inflation switching to Bitcoin. A similar situation in Zimbabwe.
Their country devalued its currency, and citizens are forced to take backpacks of cash to buy a loaf of bread.
It seems that the country is moving to hyperinflation, and citizens are buying dollars and bitcoins.
Cryptocurrency is actively entering the real life, the demand for a stable currency is growing significantly.
In such panic and chaos, yesterday, the price of bitcoin on the local crypto exchange "BitcoinFundi" has grown to the level of 7200 dollars !!! 
Price on the Bitrex didn't exceed the limit of 4000 dollars.
This price shows a great desire of people to find stable sources for savings, as the government and the national currency do not give confidence.
At the moment the price is 5,750 dollars on "BitcoinFundi".
Zimbabwe has shown a new horizon of the price for Bitcoin. :)
Disclaimer:
Any market data or commentary used here is for illustrative and informational purposes only. Don't trade with money you can't afford to lose especially with leveraged instruments. The past performance of any trading system or methodology is not necessarily indicative of future results.
Can we arb it? :P
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I am not sure :) But who knows ;)
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it's amazing friend
i vote and following you @smetana
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Thank you!
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You are always commenting and upvoting my posts! Komm zu mir! @originalworks
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The @OriginalWorks bot has determined this post by @smetana to be original material and upvoted it!
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Its a lot higher than we can buy it but a lot better than the local currency felled into a dramatic deflation.
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all hail to king bitcoin !!
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