The GBP or British Pound is the oldest currency in the world still in use and has been in continuous use since its inception.
The British pound hit a record low against the US dollar on September 26 after announcing tax cuts and further debt hikes to stem the fallout of a possible recession.
The US dollar is the clear winner as investors sought protection in the world's largest economy, but the weakness of the British pound could prove positive for Bitcoin.
There are very few assets can compete with fiat currency in terms of relevance.
Direct impact on bitcoin trading appears to be relatively small, GBP low against the US dollar could be a game-changer for cryptocurrencies.
Cryptocurrencies are highly volatile, and bitcoin prices fell sharply in 2022 as rising interest rates forced investors to abandon riskier assets.
Bitcoin was trading around $19,515 on Wednesday and at 17,940 versus the British pound.