Is there a future for Bitcoin in Zimbabwe?

Zimbabwe’s army seized control of the country on Tuesday night, claiming it was removing “criminals” around Robert Mugabe, and held the president and his family under house arrest. But can the military intervention really bring change for the country’s ailing economy?

Not unlike the after effects of the Greek crisis of 2015 and the current panic in Venezuela, Zimbabwe has seen unprecedented change in the local cryptocurrency market. The price of Bitcoin jumped as much as 10 percent on Zimbabwe’s Golix exchange on Wednesday after the country’s army seized power. Zimbabweans, just like Venezuelans, are buying things they think might retain value.

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