As bitcoin hit record highs in February, Inal’s heart collapsed.
The 30-year-old unemployed had spent his savings to build a system to generate cryptocurrency in the summer of 2020, but power outages and a police The crackdown in his native Abkhazia forced him to unplug early, missing out on a potential fortune.
A view of a damaged bitcoin Illustration: VCG
“I’m looking at bitcoin prices now and want to cry,” Inal, who requested anonymity, said in a telephone interview.
Inal is one of hundreds of estimated Abkhazians to have joined a cryptocurrency craze that swept across the Black Sea territory in 2020, triggering an energy crisis that local authorities are struggling to resist.
Power cuts …
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