Uncertain economic conditions spur a Bitcoin frenzy in Zimbabwe

As the popular saying goes, “When one door closes, another opens”, Zimbabweans are looking towards the Bitcoin door as their ultimate saving grace. The country’s ban on the use of foreign currencies, record-high inflation rate, and indecisive government policies have caused the public to turn to a decentralized currency form, like Bitcoin, as a means to shield their income. According to a video released by VoaZimbabwe, people of Zimbabwe are now demanding Bitcoin’s mainstream adoption through an increased number of purchases, observed during the last few weeks. People want to preserve their wealth in such a fashion that it has