Post
Topic
Board Altcoin Discussion
Re: Zimbabwe minister urges citizens to embrace Bitcoin
by
pinggoki
on 03/10/2021, 02:25:19 UTC
Zimbabwe faced serious monetary issues in the past, inflating their native currency to even force them to print denominations for trillions of Zimbabwean currency. The show of support from Zimbabwe's minister could be a sign that they are embracing the much more secure and sustainable bitcoin and cryptocurrency usage compared to their inferior fiat currency. This could change in the future, but it is good to see that a notable figure of a sizable country like Zimbabwe is admitting support of Bitcoin.

Looks like Zimbabwe is influenced by El Salvador declaring Bitcoin as a legal tender, and I think they are potentially going to follow suit as well like Paraguay. However, I am not sure if they are also going to make Bitcoin as a legal tender, or they are just simply embracing Bitcoin that’s all.

If it’s one way that would improve the country’s economy, then they should be going for it. I’m happy for them for being pro-Bitcoin.
Could be, could be a mix of all other factors that affected Zimbabwe's economy in the past few years. It is quite exhilarating to know about this and I hope that Zimbabwe and Bitcoin stay close for the years to come. Although we all know that this may change in the future, hopefully for the better. Otherwise this will be one of the biggest switcheroos in the cryptocurrency space that people will talk about for months on end.