Bitcoin Has Not Reached $100,000 in Inflation-Adjusted Terms, Galaxy's Alex Thorn Says

Bitcoin has never broken above $100,000 when adjusted for inflation, despite setting a nominal all-time high above $126,000 in October, Galaxy head of research Alex Thorn said on Dec. 24, BlockBeats reports. He noted that consumer price index purchasing power has declined each year since 2020. When recalculated in 2020 dollars to account for inflation, Bitcoin's price has never exceeded the $100,000 level, Thorn argued.