- Bitcoin has actually risen past AUD $100K after a month of outstanding gains.
- Australia’s dollar has actually fallen relative to the USD, which describes why the cryptocurrency hasn’t tape-recorded an all-time high throughout the pond.
- A high-stakes political video game will appear Down Under, with lots of thinking about a shift far from the nationwide currency, Dollarydoos, into BTC.
- For the record, Dollarydoos is not in fact The nationwide Australian currency ….
Bitcoin may be on the cusp of breaking its USD all-time high, however traders in Australia have currently existed, done thatThe rate of BTC hasn’t simply moved previous AUD $100K– it’s blasted its method through the barrier and is presently trading at almost $104K.
Dollarydoos or Bitcoin? The Question to Divide a Nation
For those in South Africa, where BTC is trading for over a million ZAR, AUD $100K might not appear all that excellent. For those of us Down Under, $100K is a reasonable piece of a modification. Here are simply a few of the important things $100K might purchase you in Australia:
- 16 adult kangaroos
- A home in Broken Hill
- 40,000 avocados
- 223 presences to the AFL Grand Final
Australia isn’t the greatest crypto market walking around, although it does provide a swathe of extremely reliable home-grown exchanges. The neighborhood Down Under is, in real crypto design, as respected on the memes as any other country. Which as we understand, is more vital than anything else when it pertains to crypto.
Related: Area Bitcoin ETFs Hit Record-Breaking Volume, Again
Bitcoin’s cost rising previous $100K positions the huge concern:
Should Australia stick to its present nationwide currency of Dollarydoos? Or should we now worship our BTC overlords? The world is divided on a response, and it might take a couple of years before we pertain to an agreement.
For now, Aussie financiers can sit back and drink their martinis while celebrating to good friends and household: “I informed you Bitcoin would be worth 6 figures, didn’t I!”
Or, as Twitter user @Joeysays_so published:
Aussie dollar is up to 1000satoshis
— Joey (@Joeysays_so) March 4, 2024