šš„Bitcoin $100,000 turns out to be a false milestone! Inflation has severely eroded 20% of purchasing power, making $100,000 in 2025 only worth $80,000 in 2020; only $125,000 truly counts as passing. This round's peak is stuck here, directly crashing by 30%. Institutional ETF funds have fled nearly $50 billion!šš„
Galaxy Research delivers a powerful blow: when calculated based on the dollar's purchasing power in 2020, Bitcoin's current actual value is only $99,848, and the nominal milestone of $100,000 has not been reached at all! Over the past few years, the purchasing power of the dollar has plummeted; now $1 is only worth $0.8 of what it was in 2020ā$100,000 in 2025, when converted back, only amounts to $80,000 in 2020! Want to truly match the purchasing power of $100,000 in 2020? Bitcoin's nominal price has to surge to $125,000, and the peak of this cycle just happens to be around here, resulting in a direct correction of 30%!
Institutions don't buy into nominal gains! Pension funds and sovereign wealth funds only look at real returns after inflation, and if Bitcoin can't get past this hurdle, it will forever be a speculative toy! The reality is even harsher: the CPI data for 2025 is chaotic due to government funding interruptions, with huge discrepancies in different metrics, making actual value judgment impossible!
The market votes with action: after Bitcoin's peak in October, it plummeted by 30%. The AUM of the US spot ETF crashed from a peak of $169.5 billion on October 6 to only $120.7 billion on December 4, with nearly $50 billion fleeing! However, on-chain data reveals a glimmer of hope: this year, Bitcoin's actual market value (adjusted for inflation) still reached a new high of $1.125 trillion, with a more stable base of long-term holders.
Three paths ahead: monetary policy shifts to dovish to bring nominal prices back, inflation running high turns new highs into empty shells, Citibank predicts a basic $143,000 in 2026, and an optimistic $189,000 relies entirely on a surge in ETF demand!
Brothers, inflation has turned Bitcoin's legal milestones into moving targets. Bitcoin was supposed to hedge against inflation, but inflation has rewritten its historical moments; how ironic! Next time you see $100,000 or $120,000, donāt just look at the shiny numbers; ask how much 2020's goods it can buyāthat's the real bull market! If you're still celebrating $100,000, wake up; this is just an illusion of inflation!
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