Bitcoin has never surpassed $100K in inflation-adjusted terms:
Although bitcoin (BTC-USD) peaked above $126K in October, that record falls below $100K once inflation is taken into account, Alex Thorn, Galaxy Digital's (GLXY) global research head, said on Tuesday.
Measured in 2020 dollars, bitcoin (BTC-USD) actually peaked this year at $99,848, Thorn, who last month lowered his BTC price target, wrote in an X post.
He explained that the inflation-adjusted measure "adjusts for [Consumer Price Index] decline in purchasing power incrementally across every inflation print 2020 to present."
In nominal terms, BTC changed hands at $87.7K in afternoon trading, down about 1% in the past 24 hours and 7% year-to-date. In real terms, by comparison, BTC was trading at around $70K.
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