Bitcoin Trading at 85% Premium in Zimbabwe - Priced at $7,200

[StockBet.com]

Bitcoin Trading at 85% Premium in Zimbabwe - Priced at $7,200
https://cointelegraph.com/news/bitcoin-trading-at-85-premium-in-zimbabwe-priced-at-7200

..and you thought $4,000 was expensive.

Arbitrage traders must be pulling their hair out, trying to figure out a way to get a piece of that 85%.

[gentlemand]

The thirty day volume is thirty one bitcoins. Wow. That sure is 'exponential' if it was nothing last month.

With that volume it is completely and utterly irrelevant as any type of measurement. One dedicated seller or buyer would take it wherever they want it to go.

As ever if there's a ridiculous difference in price that sticks that means something isn't working and it's staying broken.

And let's lay off the Venezuela hyperbitcoinisation while we're at it. Weekly Localbitcoins volume was about 450 BTC.