The researchers compared the changes in the exchange rate of the most capitalized cryptocurrency. Bitcoin rate growth in relation to a number of popular national currencies since the beginning of 2020 has ranged from 56% to 128%, reports Cointelegraph.
Bitcoin demonstrated the smallest growth in relation to the Swiss krona (56%), the largest – to the Brazilian real (128.4%). The growth of the cryptocurrency rate against the Russian ruble since the beginning of the year amounted to 97.7%.
At the same time, the growth rates of BTC against national currencies, on an annualized basis, look much more modest. The cryptocurrency showed the worst results in a pair with the Swedish krona (-1.3%) and Myanmar kyat (-1.6%).
The best growth result for the year was recorded in the bitcoin pair with the Zambian kwacha (56.1%).
At the same time, in the period from August 2018 to August 2020, the bitcoin rate grew most actively against the Argentine peso (365.3%).
For comparison, the result of BTC paired with the Russian ruble over the same period of time is 108.7%.
Remind, Bitcoin reached its maximum value in December 2017. As a result, comparing the current price of the cryptocurrency with the indicators of three years ago, in relation to national currencies, gives the following results:
The second part of the statistics: