Economist suggests Bitcoin for Zimbabwe

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Economist suggests Bitcoin for Zimbabwe



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Economist suggests Bitcoin for Zimbabwe.

Bitcoin could be the solution for Zimbabwe’s currency woes suggests economist Philip Haslam, co-author of When Money Destroys Nations, a book about regular people in Zimbabwe who lived through hyperinflation.

Though his assertion is not new, it is one of the first to come from someone who has researched the consequences of money printing as an aspect of the country’s hyperinflation.

‘If Zimbabwe establishes a privatised bitcoin national currency, if the market naturally went to a Bitcoin type currency, as other currencies around the world indicate weakness with money printing happening, you’d have a whole lot of currency flowing into Zimbabwe,” Haslam says in a piece by an Institute of Security Studies

Read more ... source: TheBitcoinNews

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