Crypto coins have been gaining popularity in the US and the UK since the introduction of the digital currency in 2014.
In 2017, the price of a single coin hit a new record high of $5,621.25 per coin, or more than $9,000 at current prices.
The US currency, the US dollar, hit its highest level in about a year.
Since the crypto-currency’s introduction, many bitcoin and altcoins have soared in value, with the price recently hitting $1,000,000.
CoinDesk reached out to the US government for comment on the potential for crypto to become more valuable than the US currency.
“The US is currently the biggest crypto-market, and there is a lot of attention being paid to cryptocurrencies as a hedge against the risk of a massive currency collapse,” the agency said in a statement.
“In the future, it may be possible for the US to become a crypto-financial center for the entire world, where cryptocurrencies and other emerging technologies will be used to enhance the economies of the people of the world.”
It’s not just the government that has taken note of the rising value of the cryptocurrency.
Bitcoin and altcoin prices have been a boon for investors who have flocked to the digital asset over the past few months.
In September, the value of a bitcoin reached a new all-time high of around $6,000 a coin, according to CoinMarketCap.
The price of an altcoin hit a record high in June, with a bitcoin reaching a record price of $631.75, according a Bitcoin price tracker.
A digital currency has become a staple of the financial markets, as well as of the internet.
Earlier this year, The New York Post published a story about bitcoin, saying that the cryptocurrency could become the “biggest financial bubble of our time.”
A series of articles from The New Yorker and the Wall Street Journal, among others, have highlighted the cryptocurrency’s potential for increasing its value, while other publications have also published pieces on the subject.