Good article

As Bitcoin stands firm at the $50,000 mark, Bitcoin has hit record highs against the currencies of 14 countries including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan and Lebanon. Before the price reached its peak of $69,000, the depreciation of currencies in many countries created this phenomenon, and Bitcoin is becoming a powerful safe haven.
The situation highlights the sharp depreciation of 14 national currencies against the dollar over the past two years. Global financial markets have been highly volatile over the past few years as cryptocurrencies such as Bitcoin have grown in appeal in these countries as a hedge against economic instability.