By CCN: If you thought bitcoin’s recovery to $8,000 was impressive, take a look at these charts below. While most traders are focused on bitcoin’s price in dollars, the recent surge has propelled bitcoin to all-time highs in Argentina and Sudan’s local currencies. Even if you bought the top of 2017’s bitcoin bubble in Argentine pesos, you’d be in profit right now. As for the Sudanese pound, if you bought the crypto top, you’d have doubled your money today. As fiat currencies in developing nations succumb to rapid inflation and capital controls, bitcoin is proving itself as a powerful store
The post Bitcoin Price Hits All-Time Highs in These Countries, Thanks to Crippling Fiat Currencies appeared first on CCN
source https://www.ccn.com/bitcoin-price-rockets-all-time-highs-countries-crippling-fiat
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