Connect with us

Bitcoin

Bitcoin price hits new record high in these 7 countries

Published

on


Compiled by entrepreneur and market commentator Alistair Milne, exchange rate figures show that at this week’s highs, Bitcoin was worth more in seven currencies than ever before.

Milne: other currencies will follow

Bitcoin’s weekly gains stood at over 15% overnight on Wednesday, as BTC/USD reached $13,200 before reversing to press-time levels of $12,800.

The rate of change surprised many and came at a time when many countries’ fiat currencies — specifically those of developing nations — were suffering from the Coronavirus and the impact of central banks’ economic reactions to it.

The last time that Bitcoin traded at around $13,000, and even when it hit its own all-time highs of $20,000 in late 2017, the economic picture looked very different.