Bitcoin hits new highs in 30+ countries just before next supply shock.
Bitcoin has been on an upward trajectory over the past few weeks, hitting all-time-high prices in over 30 countries around the world. This widespread achievement highlights Bitcoin's growing status as a global digital currency and store of value.
In the United States, Bitcoin hit $64,000 this week before pulling back slightly. This brings it close to its November 2021 record high of nearly $69,000. However, when priced in other global currencies, Bitcoin has already exceeded previous records in many major markets.
Some of the countries where Bitcoin set new highs include economic leaders like China, Japan, the United Kingdom, India and South Korea.
Bitcoin also reached unprecedented values when priced in the Argentine peso, Turkish lira, South African rand, Australian dollar, Chilean peso and Norwegian krone, among others. This predominantly reflects currency weakness and high inflation eroding purchasing power rather than sheer gains for bitcoin.
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