27 January 2011
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.