Bitcoin (BTC) is just a few thousand dollars from an all-time high of around $ 20,000. However, while a large part of the cryptoindustry is following Bitcoin price movements in USD, in fact, BTC is consistently hitting high prices compared to many other global currencies.
In his October 22 tweet, Alistair Milne mentioned seven countries where Bitcoin has already reached the highest consistent level compared to the country’s original fiat currencies. In the same tweet, he announced that Colombia and Russia would soon be on the list.
Bitcoin recently broke a record high against the Russian ruble earlier this month. The asset also hit a record high against the Colombian peso a few weeks ago, completing the list – with the exception of a closing commentary, which is expected to be followed by “all other fiat currencies.”
In US dollars, bitcoin has risen in value in recent weeks, leaving little room between the $ 17,267 price at time of publication and the popular $ 20,000 level.
Bitcoin peaked at 62,102,236 Colombian pesos in the past 24 hours. The previous high since 2017 was 58,226,376. The peso broke that level for the first time on November 6, reaching 59,543,988 before the close.
Leading crypto assets also hit record highs against the Brazilian real, Turkish lira, Argentine peso, Sudanese pound, Angolan kwanzaa, Zambian kwacha and the Russian ruble, as evidenced by the Xe Data website.
However, Venezuela offers charts for two major Bolivarian currencies: VES and VEF. Bolivar soberano, or VES, became famous in the country in 2018. VES replaced the Venezuelan Bolivar fuerte, or VEF. VES is offering bitcoin at record high prices. The VEF does not, although bitcoin continues to grow in lists.
Venezuela became famous for adopting Bitcoin after massive inflation hit the region.