Bitcoin in developing market
Bitcoin often trades at a premium in developing markets, where demand is high due to the instability of local currencies but cryptocurrency trading volume is low. The most expensive bitcoins in the world are found on Zimbabwean exchange Golix, where the bitcoin price peaked at $12,400 on Tuesday, representing an 87% premium over the global average. This is a $2,400 increase since October 20, while the global bitcoin price has risen by about $1,000 during the same timeframe.
Source: https://www.cryptocoinsnews.com/bitcoin-price-climbs-12400-zimbabwe/
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