Bitcoin's All-Time High Not Hedged for Inflation, Still Worth Less Than Previous High in 2021

Bitcoin's recent all-time high has not kept up with inflation, meaning that it is technically worth less than it was in 2021. However, this may be more of an indictment of the US dollar than of Bitcoin itself. Despite this, Bitcoin's market peak this week is still a significant achievement, and its value proposition as a store of value remains strong. Additionally, Bitcoin has been appreciating alongside physical gold, potentially due to increased buying pressure from central banks around the world.