With its price surging to a record high above $118,000 this week, the world’s largest cryptocurrency has now outpaced every […]
The post Bitcoin is the Top Global Currency This Year, According to Bank of America appeared first on Coindoo.
With its price surging to a record high above $118,000 this week, the world’s largest cryptocurrency has now outpaced every major fiat currency in year-to-date gains.
Bank of America’s latest “Cross-Asset Winners & Losers” analysis, published July 9, highlights Bitcoin’s 18.2% rally since the beginning of 2025. This performance outshines traditional currencies including the Swedish krona, Swiss franc, and the euro, all of which posted strong gains, but ultimately fell short of Bitcoin’s lead.
In contrast, the U.S. dollar—long considered a global safe haven—has slipped to the bottom of the rankings, showing a 10.1% decline this year. Analysts cite shifting interest rate dynamics and waning appetite for dollar-backed assets as key factors behind the slide.
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This recognition from one of Wall Street’s biggest institutions adds fresh legitimacy to Bitcoin’s role in the global financial system, particularly at a time when digital assets are increasingly seen as a hedge against monetary uncertainty.
With Bitcoin breaking new ground and outperforming legacy currencies, its narrative as a digital alternative to traditional fiat is gaining further momentum among both institutional players and retail investors.
The post Bitcoin is the Top Global Currency This Year, According to Bank of America appeared first on Coindoo.
Source: https://coindoo.com/bitcoin-is-the-top-global-currency-this-year-according-to-bank-of-america/
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