$BTC Price Never Actually Hit $100K in Inflation-Adjusted Terms


$BTC never crossed six figures when adjusted for inflation, despite reaching an all-time peak above $126,000 in October, according to Galaxy head of research Alex Thorn. The #crypto topped at $99,848 in 2020 dollar terms after accounting for declining purchasing power.


Thorn said Tuesday his adjusted price high for #Bitcoin factored in Consumer Price Index decline in purchasing power incrementally across every inflation print from 2020 to today. The CPI measures inflation through prices of a basket of goods and services, calculated by the US Bureau of Labor Statistics to track changes in spending habits.


The agency reported in November that CPI rose 2.7% over the last 12 months on a non-seasonally adjusted basis. The dollar has lost around 20% of its value since 2020, decreasing purchasing power across the economy.


Goods today cost 1.25 times more than in 2020, according to CPI data. A dollar today buys roughly 80% of what it purchased back then, Thorn explained.

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December 24, 2025 at 5:29 PM
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