Bitcoin’s new price targets of over $80K may not actually be the ‘all-time high’
Bitcoin reached a new all-time high of $73,880 earlier in 2024, but toppling it by 2025 does not take it above 2021’s inflation-adjusted value.
Bitcoin’s (BTC) price is only 14% below its all-time high at the moment, and favorable conditions have produced targets of over $80,000 in the coming weeks.
Yet, a new all-time high (ATH) of around $100,000 might not be as impressive a feat as imagined when adjusting for inflation.
Luke Broyles, a Bitcoin analyst, argues that BTC crossing the elusive $100,000 mark will “barely” match BTC’s buying value in 2021. In an X post, Broyles highlights that, if adjusted for inflation, the ATH price from 2021 will be $83,000 at the moment.
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Author: Biraajmaan Tamuly
