Opinion: Taking Inflation Into Account, Bitcoin Has Yet to Break $100,000
BlockBeats News, December 24th, Galaxy Research Director Alex Thorn stated that although Bitcoin hit a record high of over $126,000 in October, considering inflation, Bitcoin has still not surpassed $100,000.
Alex Thorn believes that from 2020 to the present, the purchasing power of the Consumer Price Index (CPI) has been declining year by year. Therefore, if the price of Bitcoin is adjusted with 2020 dollars to account for inflation, then Bitcoin has never exceeded $100,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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