The price of bitcoin hit a record of $1,880 during Thursday’s trading as investors look for safety amid reports of potential political scandals in the United States and Brazil.

The digital currency rose 3.5 percent as major stock markets dropped in the last two days following reports of political chaos, particularly in the United States. This week, reports surfaced that U.S. President Donald Trump might face legal issues after he asked recently fired FBI director James Comey to “let go” of the investigation into former national security advisor Michael Flynn.

In Brazil, the Bovespa dropped more the 8 percent on Thursday—it’s worst day since October 2008—following allegations that Brazilian President Michel Temer discussed bribing ex-House Speaker Eduardo Cunha to stop him from testifying in a major corruption case. Temer said he will not resign and plans to prove his innocence in the Supreme Court, according to reports.

Aside from political scandals, analysts also credited the increased demand from Japan and South Korea for driving bitcoin’s price higher. Bitcoin trade volume in Japan rose from 36 percent to about 40 percent, while South Korea saw its bitcoin trade volume increase to about 5.6 percent from roughly 5 percent.