Bitcoin has already reached its all-time high in these European countries

Bitcoin (BTC) has already reached its all-time high across all types of currencies.

Bitcoin (BTC) has already reached its all-time high across all types of currencies. Also in Sweden, Norway and Turkey.

The rate of Bitcoin is usually measured in US dollars (USD). At the time of writing, BTC is still approximately 18 percent away from its all-time high.

But if we look further, we see that Bitcoin is already at its all-time high in many countries around the world. In these currencies it has reached its highest level.

1 Turkey

Source: Coinecko

In Turkey, one Bitcoin costs approximately 1.8 million Turkish Lira (TRY) at the time of going to press. During the devaluation of the currency there, Bitcoin was able to prove its value. Since the beginning of 2023, BTC in Turkey has risen by as much as 175 percent.

Inflation in Turkey is also enormous. According to data from Statista, inflation in the country reached 64 percent in January this year. So it's no wonder that a survey from KuCoin claims to have discovered that more than 50 percent of Turks own cryptocurrencies.

2 Sweden

Digital gold has also quietly risen to a record high in Sweden. According to data from Coingecko, BTC costs 586,419 Swedish Krona (SEK) at the time of writing.

During the all-time high of the US dollar in November 2021, one Bitcoin still cost 579,931 SEK - the all-time high at that time was therefore exceeded in Sweden.

Source: Coingecko

Sweden could actually have become a growing mining market. However, the country buried the tax breaks for data centers in 2023. Now only 0.84 percent of the hashrate comes from the Scandinavian country.

3. Norway

Bitcoin investors in our Scandinavian neighbor also have reason to be happy. One BTC currently costs 599,273 Norwegian Krone (NOK) in Norway. All-time high!

Source: Coingecko

By the way: Measured in euros, BTC is still eleven percent away from its all-time high at the time of going to press.