Bitcoin ‘never crossed’ $100K if adjusted for inflation, says Alex Thorn
Alex Thorn, head of research at Galaxy, states that Bitcoin never reached $100,000 when adjusted for inflation. Although BTC hit a nominal all-time high of over $126,000 in October, its inflation-adjusted peak in 2020 dollars was $99,848. This calculation accounts for the decline in the U.S. dollar's purchasing power, which has fallen approximately 20% since 2020, as measured by the Consumer Price Index (CPI). The CPI shows prices are now 1.25 times higher than in 2020. The report highlights the accelerated decline of the U.S. dollar in 2025, with the Dollar Currency Index (DXY) falling 11% this year, contributing to the popularity of the "debasement trade" where investors seek assets that retain value as fiat currency weakens.
cointelegraph12/24 03:38