According to Alex Thorne, head of research at Galaxy, Bitcoin, adjusted for inflation, is just shy of $100,000, despite reaching an all-time high above $126,000 in October.
In other words, the rising CPI has led to a decline in the purchasing power of the dollar, which has lost approximately 20% of its value since 2020.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to Alex Thorne, head of research at Galaxy, Bitcoin, adjusted for inflation, is just shy of $100,000, despite reaching an all-time high above $126,000 in October.
In other words, the rising CPI has led to a decline in the purchasing power of the dollar, which has lost approximately 20% of its value since 2020.
Thus, the price peaked at $99,848.