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    Posted April 16, 2013 by
    BitCoinSachs

    More from BitCoinSachs

    Zimbabwe Names Bitcoin National Currency.

     

    CNN PRODUCER NOTE     Please note: CNN has not verified this story.
    - dsashin, CNN iReport producer

    Reports leaking from inside source Matthew Faccenda report that President Robert Mugabe approved the ground breaking move to adopt Bitcoin as his nations national currency yesterday after a 4 hour meeting with senior advisors.

     

    This may signal adoption by several other African nations throughout the central and southern Africa.

     

    Press conference pending as other countries may join and make a multi-national accouncement forming a union of sorts.

     

    The additiona competition for limited Bitcoins (market capped around 11M BTC) could push the price well over $5,000 in the next month despite recent market volatility.

     

    Follow me on Twitter @BitcoinSachs

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