Bitcoin reached a new all-time high of approximately $125,000 on August 14, according to Bloomberg. Despite this peak, the cryptocurrency ended the month lower, reflecting a volatile trading period. The surge in Bitcoin's price underscores ongoing investor demand, driven by concerns over the independence of central banks like the Federal Reserve. The reliance on fiat money systems, which depend on trust and the operational independence of central banks, highlights the appeal of decentralized currencies like Bitcoin.