Bitcoin has reached a new all-time high (ATH) against the Euro ($EUR) at €54,603.15. At the same time, BTC only needs a 2% increase to reach a new high against the US dollar.
Bitcoin has historically performed exceptionally well in the fourth quarter, and it has continued to do so this year. On October 1, the price of Bitcoin was around €41,000 (approximately). Since then, it has done nothing but rise, with more highs expected in what many Bitcoiners refer to as “Uptober.”
Bitcoin has recently reached new highs not only against the Euro; but also against other fiat currencies such as the Australian dollar, Japanese yen, South Korean won, and Turkish lira. The US dollar is expected to join the club of making new all-time highs against Bitcoin in the near future.
So far this quarter, the energy surrounding Bitcoin has been electric; especially with the $BITO Bitcoin Futures ETF going live on the New York Stock Exchange today; Bitcoin approaching an all-time high in USD, and many other exciting developments.
So far this quarter, the energy surrounding Bitcoin has been electric; especially with the $BITO Bitcoin Futures ETF going live on the New York Stock Exchange today; Bitcoin approaching an all-time high in USD, and many other exciting developments.
It is impossible to overestimate where we are in Bitcoin’s history. Bitcoin has not died as many predicted when it crashed in 2018. Instead, it has recovered and asserted itself as a world-class currency on the global stage. Those who use the euro as a vehicle for saving wealth may want to reconsider and consider adopting bitcoin instead; as the euro is rapidly losing value in comparison to the new measuring stick of value — bitcoin.
Source: Bitcoin Magazine
