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Amin Ayan

Galaxy Research Says Bitcoin's Inflation-Adjusted Peak Stopped Just Below the $100,000 Level

On December 22, 2025, Galaxy Research head Alex Thorn said Bitcoin's latest cycle top, when recalculated in 2020 dollars using US CPI data, reached about $99,848 rather than breaking the $100,000 mark. Since 2020, US inflation has eroded the dollar's purchasing power by roughly 20%, while a weaker Dollar Currency Index and gradual disinflation keep supporting the so-called debasement trade narrative. Market analyst Linh Tran added that Bitcoin's price remains highly sensitive to Federal Reserve policy expectations as inflation eases only slowly.