Bitcoin’s All-Time Highs in Multiple Currencies
Bitcoin is on a rollercoaster ride that has everyone holding their breath—especially while it hovers just beneath its all-time high of $20,000 U.S. dollars. But here’s the twist: it seems that while many are living and dying by the dollar, Bitcoin has already reached new heights against a slew of other world currencies. Grab your passport, we’re going on a trip around the globe—with Bitcoin as our currency of choice!
Countries Joining the Bitcoin High Club
In a recent tweet from Alistair Milne, he gleefully pointed out seven countries where Bitcoin has shattered its previous records against local fiat currencies. Let’s take a look at the VIP list:
- Colombia
- Russia
- Brazil
- Turkey
- Argentina
- Sudan
- Angola
- Zambia
And just when we thought this whirlwind tour would end, Milne dropped a bombshell: Colombia and Russia could soon join the ranks of those celebrating their Bitcoin bonanzas!
Dive into the Numbers
When it comes to the Colombian peso, Bitcoin hit a staggering 62,102,236 this week, surpassing the previous high of 58,226,376 from 2017. Talk about a Wow-factor! And it doesn’t stop there; with Bitcoin also breaking records against the Russian ruble recently, it seems this currency is on a mission to conquer the world, one fiat at a time.
Venezuela: Bitcoin’s Rising Star Amidst Inflation
In Venezuela, Bitcoin’s relationship with the bolivar is a little more complicated than a game of Twister. The country has two versions of the bolivar currency, VES and VEF. The VES has taken a prominent role since its introduction in 2018, showcasing Bitcoin at record prices. Meanwhile, the VEF might not be in the spotlight, but Bitcoin’s ascent remains unshaken. With crippling inflation in the region, it’s no wonder that Bitcoin adoption has taken root like a weed in a wildflower garden.
What’s Next for Bitcoin?
There’s chatter in the crypto corridors suggesting that as Bitcoin continues to surge in U.S. dollar terms, other fiat currencies are likely to follow suit. Could it be that Bitcoin is about to become the world’s new best friend? Well, only time—and perhaps a couple of covered calls—will tell!
