Bitcoin hits a new ATH against 7 of the world’s currencies

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Nov 18, 2020
  • Bitcoin price is approaching its ATH in USD thanks to a new surge.
  • However, in terms of many other currencies, the price has already surpassed its former record.
  • One prediction claims that the same will happen with all other fiat currencies before long.

Bitcoin (BTC) is rapidly approaching its former ATH of $20,000 per coin, sitting just above $18,000 at the time of writing. The coin surged by nearly 18% in the last 7 days, and nearly 10% in the past 24 hours.

However, this is only the situation when measuring its price against the US dollar. The coin has already gone past its old ATH against as many as seven other currencies around the world.

Bitcoin price surging towards its ATH

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Bitcoin is only $2k away from its all ATH, at least when the USD is concerned. However, stepping away from the US dollar, BTC price has already surged past previous records in terms of multiple other currencies.

According to a recent tweet published by Alistair Milne, there are already seven countries where Bitcoin is worth more in their native currencies than it was in 2017. Those include Brazil, Turkey, Argentina, Sudan, Angola, Venezuela, and Zambia.

Will other Bitcoin see an ATH in every fiat currency?

Milne also predicted that at least two more countries — Russia and Colombia — were to see the same fate quite soon. However, given that this tweet came out on October 22nd, this has already happened during the past month.

Bitcoin surpassed its ATH when measured in Russian ruble and Colombian peso earlier in November, thus completing Milne’s list, and making his prediction come true.

One thing to note is that Milne stressed that ‘all other fiat currencies’ will see the same, which has not happened yet.

Of course, if the Bitcoin price does continue to grow in a similar fashion, it is likely that this prediction will eventually come to pass, also. For the moment, the coin’s price is just above $18k, with a market cap of $334.5 billion.

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