Bitcoin Never Hit $100K in Real Terms Despite $126K Peak
Despite reaching a nominal all-time high of $126,000 in October, Bitcoin never surpassed the $100,000 threshold in real purchasing power, according to Galaxy Research. Adjusted for inflation using 2020 dollars, the peak value was only $99,848—falling short by just $152. The analysis, led by Alex Thorn, highlights the significant erosion of the U.S. dollar's purchasing power, which has declined by about 20% since 2020 due to persistent inflation. This underscores the importance of evaluating investment performance in real terms rather than nominal values. Bitcoin is currently trading around $87,317, well below its October peak, as markets contend with ongoing economic pressures.
TheNewsCrypto12/24 05:14
