Bitcoin has seen 13,235 dollars in the past days, reaching its highest level in 2020 so far. This price increase and the depreciation of the TL brought the leading crypto currency to a record with 104 thousand 800 TL against the Turkish Lira.
Turkey was not the only country where Bitcoin prices reached record against the local currency in the country. Bitcoin, according to data compiled by entrepreneur and market commentator Alistair Milne; It also climbed to unprecedented levels in Brazil, Argentina, Sudan, Angola, Venezuela and Zambia. The population of these 7 countries exceeds 450 million and this is 6 percent of the world's population. If Bitcoin continues to rise against the dollar, Russia and Colombia can be added to these countries.
The largest cryptocurrency by market capitalization saw 1 million against the Russian Ruble a few days ago. The record was recorded as 1 million 124 thousand on December 17, 2017, when Bitcoin reached 20 thousand dollars.
Bitcoin is close to record levels on a local currency basis in Colombia as in Russia. Cryptocurrency exceeded 58 million on December 17, 2017, and recently approached 50 million.
The US dollar is also under threat
As the currency of many countries depreciates against Bitcoin, the US dollar, the world's reserve currency, is also under threat. Ray Dalio, the founder of the world's largest hedge fund, claims that the US dollar faces major threats. Dalio argues that the dollar risks losing its reserve currency position due to the money and debt cycle problem, the gap between wealth and value, and the rising power of China.
