Bitcoin continues to gain traction, showing record price growth and outperforming all major currencies. Recent data from Bank of America confirms its leadership in modern financial realities.
Bitcoin's Rally: Milestones and Facts
This week, Bitcoin's price surpassed $118,000, marking a historic record for the world's largest cryptocurrency. Year-to-date, Bitcoin has shown an 18.2% growth, demonstrating significant dominance among assets.
Comparison with Traditional Currencies
Bank of America's analysis highlights that traditional currencies such as the Swedish krona, Swiss franc, and euro showed strong performance but could not compete with Bitcoin. In contrast, the US dollar, historically considered a safe asset, has declined by 10.1% this year.
Outlook and Impact on the Financial System
Bitcoin's success adds new arguments for its role in the global financial system. As digital assets gain more popularity, they are viewed as a hedge against monetary uncertainty. Bitcoin, by outpacing traditional currencies, continues to widen its influence as an alternative to fiat money.
Bitcoin continues to demonstrate its viability and growth prospects, attracting interest from both institutional and retail investors. This trend underscores its growing role in the modern economy.
