By CCN: The bitcoin price surged overnight within touching distance of $9,000, carving out a new 2019 high. In just minutes, the bitcoin market cap pushed beyond $150 billion for the first time since May 11th, 2018. But Monday’s price explosion is even more impressive in Argentina. As CCN reported earlier this month, BTC blew past its all-time high against the Argentine peso in the latest rally. As hyper-inflation devalues the Latin American currency, bitcoin is now in uncharted territory. It confirms bitcoin’s narrative as a hedge against inflationary currencies. And it strengthens bitcoin’s case as a store of value.
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* First published on ccn.com
