{"id":172356,"date":"2024-02-28T14:00:36","date_gmt":"2024-02-28T13:00:36","guid":{"rendered":"https:\/\/www.islabit.com\/en\/?p=172356"},"modified":"2024-02-28T14:00:43","modified_gmt":"2024-02-28T13:00:43","slug":"bitcoin-btc-price-reaches-all-time-high-ath-in-14-countries","status":"publish","type":"post","link":"https:\/\/www.islabit.com\/en\/172356\/bitcoin-btc-price-reaches-all-time-high-ath-in-14-countries.html","title":{"rendered":"Bitcoin (BTC) price reaches all-time high (ATH) in 14 countries"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The price of Bitcoin \ud83d\ude80 has managed to establish new all-time highs (ATH) in fourteen countries, becoming a safe haven in the midst of various economic and financial crises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a recent post on X by Lark Davis, a renowned crypto analyst and investor, he shared how the <a href=\"https:\/\/www.islabit.com\/en\/price-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">price of BT<\/a>C has reached all-time highs in fourteen countries. Which indicates the growing popularity and value of cryptocurrencies, especially in regions facing devaluations of their local currencies due to political instability and inflation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> has now made new ATHs in 14 countries:<br><br>Argentina, Burundi, Congo, Egypt, Ghana, Japan, Laos, Lebanon, Malawi, Nigeria, Pakistan, Sierra Leone, Sudan, and Turkey.<br><br>The reason is simple: fiat is collapsing. <a href=\"https:\/\/t.co\/uaotiLSDar\">pic.twitter.com\/uaotiLSDar<\/a><\/p>&mdash; Lark Davis (@TheCryptoLark) <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1762545701827830075?ref_src=twsrc%5Etfw\">February 27, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">These countries are Japan, Argentina, Laos, Congo, Ghana, Turkey, Burundi, Sudan, Lebanon, Malawi, Egypt, Pakistan, Sierra Leone and Nigeria. If you are a little observant, you will have seen that they are countries with high inflation rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The adoption of Bitcoin in these places represents a search for financial stability. Even in Japan, a strong and technologically advanced economy, the yen has lost value against the US dollar. This shows that the currency crisis is a global problem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Balaji Srinivasan, a Bitcoin enthusiast, has highlighted Bitcoin&#8217;s crucial role as an economic lifeline for over a billion people in these fourteen countries, with a combined GDP of $7 trillion. According to Balaji, the US dollar has had a detrimental effect on the local currencies of many nations, describing it as an economic &#8220;vampire&#8221;. However, Bitcoin has managed to reverse this dynamic, depreciating the dollar against its growing value.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">In fourteen countries representing 1B+ people and $7T+ in GDP, Bitcoin is becoming a lifeboat. <a href=\"https:\/\/t.co\/W2yngQNOrn\">pic.twitter.com\/W2yngQNOrn<\/a><\/p>&mdash; Balaji (@balajis) <a href=\"https:\/\/twitter.com\/balajis\/status\/1760639043413700883?ref_src=twsrc%5Etfw\">February 22, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, Dan Tapiero, founder and CEO of 10T Holdings, shares similar optimism about the future of Bitcoin. With its price hovering around $60,000, Tapiero sees a future where Bitcoin could be valued between $150,000 and $200,000 by 2024.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Surprised.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\u202f\u202f\u202f up almost 100% in 5 mo and not feeling frothy.<br><br>Doubters still everywhere.<br><br>X even a bit sedate.<br><br>US short rates still 5%! USD strong.<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>\u202f\u202f\u202f shocking acceleration up feels imminent.<br><br>Break of 70k goes right to 90k&#8230;<br><br>Then 150k-200k this yr.\ud83d\ude80 <a href=\"https:\/\/t.co\/CEHb0A6Oos\">pic.twitter.com\/CEHb0A6Oos<\/a><\/p>&mdash; Dan Tapiero (@DTAPCAP) <a href=\"https:\/\/twitter.com\/DTAPCAP\/status\/1762705790669103381?ref_src=twsrc%5Etfw\">February 28, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin is currently trading at $59 203, up 4,1% in the past day and 20% in the past week. <\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ac87e617f7f3&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6ac87e617f7f3\" class=\"wp-block-image size-full wp-lightbox-container\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1802\" height=\"742\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024.webp\" alt=\"Price BTC 28 - 02 - 2024\" class=\"wp-image-172358\" srcset=\"https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024.webp 1802w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024-600x247.webp 600w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024-1200x494.webp 1200w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024-768x316.webp 768w, https:\/\/www.islabit.com\/en\/wp-content\/uploads\/2024\/02\/price-btc-28-02-2024-1536x632.webp 1536w\" sizes=\"(max-width: 1802px) 100vw, 1802px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.islabit.com\/en\/price-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">islaBit<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This performance highlights Bitcoin&#8217;s strength, not only as an investment, but also as a monetary alternative in economies with high inflation and unstable politics.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Featured Image: Juan Jos\u00e9 Leiva &#8211; AI Generated<\/em><\/p>\n<div style=\"color: ; background-color: #EFEFEF; padding: 10px; border-radius: 10px; border: 2px solid #D48700; font-size: 0.8em;\"><b>Disclaimer:<\/b> The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor is it a substitute for the due diligence of each interested party. islaBit does not endorse any investment or similar offer promoted here. Some of the postings may be promoted by interested third parties.<\/div>","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin \ud83d\ude80 has managed to establish new all-time highs (ATH) in fourteen countries, becoming a safe haven in the midst of various economic and financial crises. In a recent post on X by Lark Davis, a renowned crypto analyst and investor, he shared how the price of BTC has reached all-time highs &#8230; <a title=\"Bitcoin (BTC) price reaches all-time high (ATH) in 14 countries\" class=\"read-more\" href=\"https:\/\/www.islabit.com\/en\/172356\/bitcoin-btc-price-reaches-all-time-high-ath-in-14-countries.html\">Read more <span class=\"screen-reader-text\">Bitcoin (BTC) price reaches all-time high (ATH) in 14 countries<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":172357,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[44,76,56],"class_list":["post-172356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-news","tag-economy","tag-finance","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin (BTC) price reaches all-time high (ATH) in 14 countries - 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