thecryptobasic.com
The price of Bitcoin (BTC) has broken All-Time Highs (ATHs) against multiple currencies amid an ongoing shift in investor sentiment.
As shared on X by MicroStrategy Founder and Chairman Michael Saylor, the interest in Bitcoin is hitting an “all-time high everywhere in the world.”
While the reference valuation of Bitcoin is measured using the United States Dollar, the differences in the worth of fiat currencies based on devaluation over time have triggered different ATH across the board.
In general, Bitcoin is worth much more than it was a year ago in nearly every country.
Bitcoin Historic Levels In Major Economies
According to the post from Saylor, Bitcoin price hit an ATH against the Angolan Kwanza (AOA) on March 10 after jumping by 49,270%. Against the currency, the price of BTC is now pegged at AOA 58,211,457.
The digital currency has also recorded an all-time surge of 30,672% in Bangladesh, pegging the price at 7,648,238 Bangladeshi Taka (BDT).
Bitcoin has also recorded a massive ATH against the Canadian Dollar with the coin jumping 21,515% to CAD 94,346 as of March 10.
In the Dominican Republic, Bitcoin has skyrocketed by 28,048% against the local currency, the Dominican Peso (DOP). Bitcoin’s price now comes in at an ATH of 4,107,053 DOP.
The BTC/EUR pair is also at its best trading price, up by more than 20,640% to EUR 63,691. Other intriguing growths are also on record against the Great British Pound, with the premier cryptocurrency seeing a 25,105% jump to GBP 54,242.
Other major countries where the price of Bitcoin is seeing its highest valuation include Nigeria, Vietnam, and Zambia.
Interest in #Bitcoin is hitting an All-Time High everywhere in the World. 🌎🧡pic.twitter.com/PStjUcwxVi
— Michael Saylor⚡️ (@saylor) March 10, 2024
The US Dollar Reference
While the highlighted data from Michael Saylor came about 16 hours before writing, Bitcoin’s price has skyrocketed much more across the board. Against the US Dollar, the coin has breached its previous ATH, claiming a value of $71,815.48.
Many experts believe Bitcoin is in an active price discovery era and there are different projections as to what the top might be in this current bull cycle.
According to market expert Raoul Pal, the coin may likely jump to $250,000, a value the asset could surpass based on the dynamics of the spot Bitcoin ETF market.