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Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina?
Bitcoin has been reaching new all-time highs in several countries like Turkey, Egypt, Nigeria, and Argentina due to its perceived value as an inflation hedge and a reliable store of value. Despite a significant drop to around $16,800, Bitcoin has shown resilience in 2023, gaining over 153% year-to-date and 143% over the last 12 months, outperforming major tech companies.