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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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Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher

Economist Predicts the Fed’s Response to Inflation Will Push Crypto HigherAllianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed El-Erian discussed the […]

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Prince Philip of Serbia: Bitcoin Is Freedom — Says ‘We Need to Take the Money Away From the State’

Prince Philip of Serbia: Bitcoin Is Freedom — Says ‘We Need to Take the Money Away From the State’Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.” Prince Philip of Serbia Praises Bitcoin Prince Philip of Serbia […]

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Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold

Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not GoldGoldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge The global head of commodities research at Goldman Sachs, Jeff […]

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