I analysed Bitcoin's price against the top 40 fiat currencies:
- 7 have exceeded their all-time high Bitcoin price
- 9 are within 15% of their all-time high Bitcoin price
- The Euro and Pound are 5% closer to their all-time high than the Dollar
Bitcoin has reached an all-time high against seven currencies: the Hryvnia🇺🇦, Lira🇹🇷, Yen🇯🇵, Rupee🇵🇰, Peso🇦🇷, Rupee🇱🇰, and Naira🇳🇬.
What do these countries have in common? They have all experienced significant inflation in recent years, leading to devaluation against the Dollar.
The next cohort includes 11 currencies: Taka🇧🇩, Rand🇿🇦, Krone🇳🇴, Peso🇨🇱, Krona🇸🇪, Dollar🇳🇿, Shekel🇮🇱, Ringgit🇲🇾, and Forint🇭🇺.
It's interesting to note that European countries Norway and Sweden are 10% closer to all-time high compared to the Euro.
The British Pound💷 and the European Euro💶 are both 20.5% away from their all-time high bitcoin prices.
This is 5% closer than the US Dollar💵, which is currently 25.8% away from its all-time high bitcoin price.
It's clear that these differences have been sparked by the turmoil caused by the Dollar in recent years. Nearly every currency has depreciated against the Dollar, which is reflected in these all-time high percentages.
However, there are three outliers...
The Swiss Franc🇨🇭, Brazilian Real🇧🇷, and Mexican Peso🇲🇽 are all currently farther from their bitcoin all-time high prices compared to the US Dollar.
This indicates that these currencies are among the few that have actually appreciated in value against the dollar.
B: (Off-white/Orange)
