Zimbabwe makes history. BitCoins now official national currency
Rumors from unidentified administration insider report that Mr. Robert Mugabe approved the ground breaking move to BitCoin as his nations national currency yesterday after 4 hour meeting with advisors.
This may signal adoption by several other Africa nations throughout central and south Africa.
Press conference pending as other countries may join and make a multi-national announcement forming a union of sorts.
The additional competition for limited BitCoins (market capped around 11M BTC) could push the price well over $500 in the next month despite recently market voalitility.
-I have confirmed the nature of this story with it’s author, BitCoinSachs, on the official #mtgoxlive IRC chat channel.