Sierra

United

Bitcoin

Bitcoin continues to prove its worth as the <a href="https://bitcoinist.com/vaneck-ceo-declares-bitcoin-unbeatable/">ultimate store of value</a>, gaining widespread adoption in hundreds of countries globally. This pioneer cryptocurrency has successfully surpassed previous records to achieve new all-time highs in 14 different countries grappling with economic and financial crises.&nbsp; 
<h2 id="bitcoin-peaks-in-14-nations">Bitcoin Peaks In 14 Nations</h2> 
In a recent X (formerly Twitter) post, crypto analyst and Bitcoin investor, Lark Davis <a href="https://x.com/thecryptolark/status/1762545701827830075?s=46" rel="nofollow" target="_blank">revealed</a> that Bitcoin has made new all-time highs in 14 countries. Lately, cryptocurrency has experienced exponential growth in both popularity and value, <a href="https://bitcoinist.com/bitcoin-global-reserve-currency-history-dollar/">emerging as an alternative currency</a> for individuals in nations struggling with the depreciation of their fiat currency.&nbsp; 
According to Davis, “fiat currencies are collapsing.” This unfortunate development has been attributed to the high level of <a href="https://bitcoinist.com/bitcoin-btc-leading-indicator-cpi-inflation/">inflationary pressures</a> and political instability experienced by most countries.&nbsp; 
Among the 14 countries experiencing record-breaking <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-is-now-directly-correlated-with-the-us-dollar/" rel="nofollow noopener" target="_blank">BTC</a> highs include Japan, Argentina, Laos, Congo, Ghana, Turkey, Burundi, Sudan, Lebanon, Malawi, Egypt, Pakistan, Sierra Leone, and Nigeria. The majority of these countries have been reportedly struggling with <a href="https://bitcoinist.com/worse-inflation-means-for-bitcoin/">high inflation</a>, leading to a decrease in the value of their fiat currencies.&nbsp; 
Countries like Turkey and <a href="https://bitcoinist.com/nigerias-crypto-adoption-continues-to-surge-report/">Nigeria</a> have witnessed a dramatic devaluation in their fiat currencies. Even <a href="https://bitcoinist.com/japan-embraces-crypto-investment-funds/">Japan</a> known for its technological innovations and strong economic performance has seen a depreciation in their Yen against the United States dollar (USD).&nbsp; 
The consistent devaluation of these nations’ currencies relative to the USD has significantly affected the standard cost of living for citizens. As a result, individuals are <a href="https://bitcoinist.com/economist-us-dollar-bitcoin/">shifting to Bitcoin</a>, seeking to leverage the digital currency’s robust financial technology and continuously rising value as a hedge against economic instability. 
In response to the global shift towards this pioneer cryptocurrency, Bitcoin enthusiast, Balaji has <a href="https://x.com/balajis/status/1760639043413700883?s=46" rel="nofollow" target="_blank">disclosed</a> that BTC has become an indispensable lifeboat within these 14 countries, housing over 1 billion people and boasting a combined Gross Domestic Product (GDP) of $7 trillion. Additionally, he underscored the negative effects the <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-and-xrp-set-to-shine-shock-8-trillion-predicted-amid-us-dollar-collapse/" rel="nofollow noopener" target="_blank">US dollar</a> has inflicted on the fiat currencies of multiple nations over the years. 
“The dollar is a vampire. It drains the life out of every other fiat currency. But then Bitcoin flips the dollar. Because since Bitcoin’s inception, USD has collapsed against BTC by six orders of magnitude. Just a few more to go,” Balaji <a href="https://x.com/balajis/status/1760643251416224161?s=46" rel="nofollow" target="_blank">stated</a>.&nbsp; 
<h2 id="analyst-sets-sight-on-200-000-btc-price">Analyst Sets Sight On $200,000 BTC Price</h2> 
Lately, <a href="https://bitcoinist.com/bitcoin-price-rise-above-57000/">Bitcoin bulls</a> have been taking the lead, experiencing massive gains that have pushed its <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-58k/" rel="nofollow noopener" target="_blank">price closer to the $60,000 </a>mark. Due to the unrelenting momentum in its price dynamics, Founder and Chief Executive Officer (CEO) of 10T Holdings, Dan Tapiero has remained bullish on the cryptocurrency, <a href="https://x.com/dtapcap/status/1762705790669103381?s=46" rel="nofollow" target="_blank">predicting</a> an exponential rise in <a href="https://bitcoinist.com/bitcoin-analyst-target-200000-spot-etfs-btc-new-era/">Bitcoin’s price</a> ranging from $150,000 to $200,000 in 2024. 
The macro investor has stated that Bitcoin is up by almost 100% and is <a href="https://bitcoinist.com/understanding-the-key-factors-driving-bitcoin-toward-660k/">poised to jump even higher</a>. According to the CEO, if Bitcoin manages to break through the $70,000 threshold, the cryptocurrency would ascend directly to $90,000, achieving an all-time high not witnessed since its inception. 
At the time of writing, Bitcoin is trading at $59,142, reflecting a 1.75% increase in the last 24 hours and a 10.21% rise over the past seven days, according to CoinMarketCap. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/xld6ruOn/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1530">

Bitcoin Is Unstoppable: BTC Price Hits New All-Time Highs In 14 Countries

목차

Bitcoinist

2024년 2월 28일에 게재된 다른 기사

Bitcoin, Ethereum Aim for Pre-Halving Highs But 3 Altcoins Could Hit $1000

BTC Price Crosses $59,000! Will Bitcoin Reach $100K Pre-Halving?

Toncoin (TON) Price Soars 35% On Telegram Advertising Platform Launch

Bearish Analyst il Capo Addresses Claims He Lost Big Money in the Great Bitcoin Rally: Reveals th...

Webull is Going Public, Blames Crypto For Initial IPO Setback

Chainlink faces headwinds, Litecoin and Polkadot holders looking at DeeStream

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!