The price of bitcoin (BTC) has not stopped recording all-time highs (ATH) in dollars and other currencies since Donald Trump’s victory in the United States presidential elections.
In this framework, the price of the digital asset exceeded 100 million Argentine pesos in the last few hours. In this way, for the first time in history, parity between the satoshi (sat) and the peso was reached.
It is worth remembering that one bitcoin is made up of 100 million satso 1 satoshi is equivalent to 0.00000001 BTC.
That is, 1 Argentine peso is equal to 1 sat and It is a reflection of how much the price of the currency created by Satoshi Nakamoto has risen. compared to fiat money, in this case, the legal currency in Argentina.
At the time of publication of this note, the price of BTC measured in Argentine pesos is 100,400
As CriptoNoticias already reported, BTC marked an ATH in over 100 fiat currencies after Trump’s victory in the elections.
For example, the price of BTC touched 80,000 euroswhile in Mexico it is already trading above 1.5 million Mexican pesos. In the United Arab Emirates, it reached 270,000 dirham for each unit of the digital currency.
In the Russian currency, bitcoin reached 6.5 million rubles, and in Japan – 11.2 million yen. In Canada, the digital currency broke the barrier of 120,000 Canadian dollars.
BTC continues to set all-time highs after the triumph of donald trump against Kamala Harris in the United States presidential elections. What happens is that The Republican leader has expressed his support for the cryptocurrency industry and promised to promote friendly regulation, with the aim of promoting the growth of the sector.
During the last week, the price of the digital currency rose more than 25% and was less than $1,000 away from breaking the $90,000 barrier. Currently, its price is $85,190.
This increase was driven by inflows into bitcoin exchange-traded funds (ETFs), which in the last day reported revenues of more than $1.1 billionthe second highest figure since they went on the market in January 2024.
The inflows of money into these financial instruments add to the bullish expectation in the digital asset market.
