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Bitcoin hits a new ATH against 7 of the world’s currencies

Kyber Network (KNC) just hit a 2-year high

Bitcoin (BTC) is rapidly approaching its former ATH of $20,000 per coin, sitting just above $18,000 at the time of writing. The coin surged by nearly 18% in the last 7 days, and nearly 10% in the past 24 hours.

However, this is only the situation when measuring its price against the US dollar. The coin has already gone past its old ATH against as many as seven other currencies around the world.

Bitcoin price surging towards its ATH

Bitcoin is only $2k away from its all ATH, at least when the USD is concerned. However, stepping away from the US dollar, BTC price has already surged past previous records in terms of multiple other currencies.

According to a recent tweet published by Alistair Milne, there are already seven countries where Bitcoin is worth more in their native currencies than it was in 2017. Those include Brazil, Turkey, Argentina, Sudan, Angola, Venezuela, and Zambia.

Countries where #Bitcoin has hit a new ATH in their local currency:

Brazil – pop. 209million
Turkey – pop. 82m
Argentina – pop. 44.5m
Sudan – pop. 41m
Angola – pop. 30m
Venezuala – pop. 29m
Zambia – pop. 17m

Soon:

Russia
Colombia

… then all other fiat currencies

— Alistair Milne (@alistairmilne) October 22, 2020

Will other Bitcoin see an ATH in every fiat currency?

Milne also predicted that at least two more countries — Russia and Colombia — were to see the same fate quite soon. However, given that this tweet came out on October 22nd, this has already happened during the past month.

Bitcoin surpassed its ATH when measured in Russian ruble and Colombian peso earlier in November, thus completing Milne’s list, and making his prediction come true.

One thing to note is that Milne stressed that ‘all other fiat currencies’ will see the same, which has not happened yet.

Of course, if the Bitcoin price does continue to grow in a similar fashion, it is likely that this prediction will eventually come to pass, also. For the moment, the coin’s price is just above $18k, with a market cap of $334.5 billion.

The post Bitcoin hits a new ATH against 7 of the world’s currencies appeared first on Invezz.

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