Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
Bitcoin (BTC) is just a few thousand dollars away from its all-time high near $20,000 U.S. dollars. However, while much of the crypto industry watch Bitcoin’s price action in U.S. dollar terms, BTC has already achieved all-time high prices relative to numerous other world currencies.
In an Oct. 22 tweet, Alistair Milne mentioned seven countries in which Bitcoin had already reached its all-time high relative to those countries’ native fiat currencies. In the same tweet, he said Colombia and Russia would soon join the list.
Bitcoin recently surpassed its all-time high against the Russian ruble earlier this month. The asset also broke its record high against the Colombian peso a few weeks ago, completing the list — except for his closing comment, which forecasts “all other fiat currencies” to follow.
Bitcoin hit an all-time high of 62,102,236 Colombian pesos over the last 24 hours. Its former high from 2017 stood at 58,226,376. The peso first broke that level on Nov. 6, reaching 59,543,988 before retracing.
Crypto’s pioneering asset has also broken its previous highest-ever-price level relative to the Brazilian real, Turkish lira, Argentine peso, Sudanese pound, Angolan kwanza, Zambian kwacha and Russian ruble, as verified by information from data site Xe.
Venezuela, however, yields charts for two main bolivar currencies: the VES and the VEF. The bolivar soberano, or VES, took prominence in the country in 2018. The VES replaced Venezuela’s bolivar fuerte, or VEF. The VES shows Bitcoin at record price highs. The VEF does not, although Bitcoin has continued rising in the charts.
Venezuela has hosted notable Bitcoin adoption after massive inflation hit the region.