Adjusted for Inflation, Bitcoin Hasn’t Topped Its All Time High
Summary
Bitcoin's all-time high of $69,325 has not hedged against inflation, making it technically worth less than in November 2021. Despite a 230% rally, its current value of $67,000 would need to reach $78,905.45 to match 2021's value. The recent rally, driven by ETF launches and other factors, has solidified confidence in crypto. Bitcoin's performance alongside physical gold and its capped supply of 21 million coins contribute to its appeal. Despite concerns about inflation and interest rates, Bitcoin has appreciated over 50% year-to-date and could potentially surpass its inflation-adjusted price.
