BITTREX BITCOIN PRICE ROSE TO $9549; ZIMBABWE RESERVE BANK DECLARES BITCOIN AS ILLEGAL by cjclaro

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· @cjclaro ·
$0.60
BITTREX BITCOIN PRICE ROSE TO $9549; ZIMBABWE RESERVE BANK DECLARES BITCOIN AS ILLEGAL
Yesterday, I posted the article <a href="https://steemit.com/bitcoin/@cjclaro/contrary-to-man-predictors-bitcoin-may-reach-usd10-000-00-before-december-comes-power-consumption-in-mining-shows-it-is-not">Contrary to Many Predictors, BITCOIN May Reach $10,000.00 Before December Comes; Power Consumption in Mining Shows it is Not Energy Efficient</a> claiming just that. It is apparently very possible due to the fact that it's only Monday and as @bittrex exchange website shows, it is only $460 short to hit the 5-digit mark.

https://cdn.static-economist.com/sites/default/files/20170729_BLP504.jpg
<a href="https://www.economist.com/blogs/economist-explains/2017/07/economist-explains-20">Image Source</a>

There is definitely an impact on the the market value of cryptocurrencies that surged up to $300B because of this unprecedented gain on BTC price, according to coindesk.com

Meanwhile, Zimbabwe Reserve Bank (RBZ) declares bitcoin as illegal and that the regulator will not allow bitcoin to circulate and be used in the country. RBZ warned the people not to get involved with bitcoin due to it high-volatility and risky characteristics. The government will not provide any support to anyone who gets involved with the first digital cryptocurrency. 
<a href="https://bitcoinist.com/reserve-bank-of-zimbabwe-bitcoin-is-not-legal/">Source.</a>

Follow @cjclaro if you want more insights, updates, and news on Bitcoin, #mobilephotography, and life.

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@steevc ·
This is the Zimbabwe that suffered from massive inflation? Lol
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@cjclaro ·
$0.12
I'm pretty sure they have some "reserves" stashed somewhere. The coup financiers will not leave their foot soldiers in the dark. Everything has been planned, I would guess. And bitcoin on the rise and unregulated, it will definitely disrupt their plans when people start buying into the digital currency.
👍  
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@ahlawat ·
bitcoin top level work
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@cjclaro ·
it's gonna be on top by the year's end ;-)
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@ycz ·
Wahahaha, with what infrastructure will they enforce this ban ? It's like if I was saying I ban all of you from taking a dump
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