Bitcoin Surpasses All-Time Highs Against Fourteen National Currencies, Outpacing Traditional Financial Assets
Crypto News – According to insights shared by Balaji Srinivasan, author of Network State, Bitcoin has achieved historic milestones by surpassing its previous peak values against the currencies of fourteen distinct countries. These nations collectively account for a population exceeding one billion individuals and boast a combined GDP surpassing $7 trillion. Notably, among these countries are Argentina and Japan, both of which have recently entered technical recessions due to ongoing economic challenges.
Expanding this analysis to a global perspective, the cumulative population of these fourteen nations represents over 13% of the world’s total inhabitants. Furthermore, their combined GDP accounts for approximately 7% of the global GDP, amounting to over $101 trillion, as outlined by Srinivasan.
Beyond its success in outpacing national currencies, Bitcoin‘s dominance extends to achieving unprecedented highs against traditional financial assets. Data indicates notable gains against TLT, the US long bond ETF, as well as the KRE, S&P Regional Banking ETF. These developments underscore Bitcoin‘s growing credibility as a viable alternative within the realm of conventional financial instruments.
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