27 January 2011

Largest numeric value ever traded for bitcoins thus far occurred where 4 BTC was exchanged for one hundred trillion Zimbabwe dollar

A photo representation of the Bitcoin event, Largest numeric value ever traded for bitcoins thus far occurred where 4 BTC was exchanged for one hundred trillion Zimbabwe dollar
The largest numeric value ever traded for bitcoins occurred when 4 BTC were exchanged for one-hundred trillion Zimbabwe dollars (Z$100,000,000,000,000). This historic trade took place over-the-counter and is notable for the sheer size of the numerical figure involved, due to the hyperinflation that had occurred in Zimbabwe, rendering the currency virtually worthless. The trade stands out as a stark example of Bitcoin’s potential as a hedge against hyperinflation and the devaluation of fiat currencies.

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