Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What’s Driving The Divergence?
Bitcoin‘s (CRYPTO: BTC) price surge to new all time highs on Thursday is not merely crypto euphoria but a broader macro story: according to several leading executives in the digital asset space, that story revolves around weakening confidence in the U.S. dollar.
Bitcoin’s performance in non-dollar currencies
While Bitcoin has already achieved new all-time highs in USD terms, it remains just shy of similar milestones against the euro and Swiss franc.
Analysts say that may soon change as macroeconomic conditions shift further in BTC’s favor.
“Bitcoin isn’t underperforming in euros or Swiss francs—the euro and franc have simply been unusually strong,” said Shaaran Lakshminarayanan, founder of RWA yield platform Multipli, speaking with Benzinga. “With the dollar weakening, BTC is serving as the high-beta leg of …
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