Bitcoin’s meteoric rise continues, with the cryptocurrency reaching all-time-high prices in more than 30 countries worldwide. This surge underscores Bitcoin’s increasing prominence as a global digital currency and store of value.
In the United States, Bitcoin soared to $64,000 this week, edging closer to its previous peak of nearly $69,000 in November 2021. However, when measured against other global currencies, Bitcoin has already surpassed previous records in numerous major markets.
Several economic powerhouses, including China, Japan, the United Kingdom, India, and South Korea, have witnessed Bitcoin reaching unprecedented highs.
Moreover, Bitcoin’s value has soared against currencies such as the Argentine peso, Turkish lira, South African rand, Australian dollar, Chilean peso, and Norwegian krone, among others.
This surge is primarily driven by currency depreciation and high inflation, which erode purchasing power, rather than significant gains for Bitcoin itself.