Bitcoin Hits Record High Against Japanese Yen, Japan’s GDP Overtaken by Germany, Losing Third Largest Economy Throne

Bitcoin has recently surged in value, reaching a new all-time high compared to the exchange rates of certain high inflation countries, despite still needing a 33% increase to reach its previous high in 2021.

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Bitcoin Surpasses 52K, Impressive Data
Bitcoin Hits All-Time High Against Japanese Yen
Germany Overtakes Japan in GDP, Losing Third Largest Economy Position

Bitcoin Surpasses 52K, Impressive Data
Based on the recent strong performance of the US stock market and Bitcoin ETFs, Bitcoin has surpassed $52,000, bringing with it impressive data:
Bitcoin’s market capitalization exceeds $1 trillion
Returning to the list of top ten global assets, surpassing Berkshire Hathaway
MicroStrategy’s Bitcoin holdings value approaches $10 billion
Discussion sparked by the possibility of MicroStrategy being included in the S&P 500 index

(Bitcoin at 52K! Up Only Mode Activated? Wall Street Funds Continue to Flow into BTC ETFs, Gold ETFs Have Fallen Out of Favor)

Bitcoin Hits All-Time High Against Japanese Yen
Bitcoin has not only reached an all-time high against the exchange rates of certain high inflation countries, but also against the Japanese yen.
According to the Bitfinex exchange, on February 15th, the BTC/JPY trading pair reached 7,917,600 yen, surpassing the previous high of 7,828,800 yen on November 10th, 2021.
Furthermore, Bitcoin’s price has experienced even more dramatic increases against currencies of countries such as the Argentine peso (ARS), Turkish lira (TRY), and Nigerian naira (NGN).
The exchange rate of Bitcoin against the Argentine peso is now more than seven times the previous high in November 2021.

BTC/JPY

Germany Overtakes Japan in GDP, Losing Third Largest Economy Position
According to recent data from the International Monetary Fund (IMF), Germany’s GDP is projected to reach $4.5 trillion in 2023, surpassing Japan’s $4.2 trillion. This marks the second time that Japan has been overtaken by another country, with China surpassing Japan in 2010, relegating Japan to the world’s fourth-largest economy.

Japan’s GDP in the fourth quarter of 2023 decreased by 0.4% compared to the same period last year, but in reality, Japan’s GDP still grew by 1.9% in 2023, outperforming the 1.0% growth in 2022. Meanwhile, China’s nominal GDP growth rate (4.6%) is for the first time in 46 years lower than Japan’s (5.7%).

GDP
Japanese Yen
Japan
Bitcoin
Third Largest Economy

Further Reading
If MicroStrategy is included in the S&P 500 index, will millions of people passively buy Bitcoin?
TRON, led by Justin Sun, launches Bitcoin L2, a three-phase roadmap covering re-collateralization and Ordinals protocol.