Bitcoin price hits new record high in these 7 countries


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.