- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Bitcoinโs peak adjusted price remains below $100,000.
- New forecast reflects slower growth in Bitcoinโs maturity era.
Bitcoin, adjusted for inflation to 2020 dollars, has not surpassed $100,000, peaking nominally at $126,000. This reflects a 20% decline in dollar purchasing power, noted by Alex Thorn of Galaxy Digital.
Alex Thorn, Head of Research at Galaxy Digital, acknowledged Bitcoinโs adjusted peak never surpassed $100,000 despite a nominal high of $126,000.
โIf you adjust the price of Bitcoin for inflation using 2020 dollars, BTC never crossed $100,000. It actually topped atโฆโ โ Alex Thorn, Head of Research, Galaxy Digital, Galaxy Digital Weekly Report.
Alex Thornโs announcement draws attention to Bitcoinโs purchasing power following a decline in the U.S. dollar since 2020. The statement highlights a potential mismatch between nominal prices and actual value.
This analysis considers a 20% decline in U.S. dollar value since 2020.
The statement highlights Bitcoinโs response to inflation, underscoring a $20 billion flash crash and subsequent market reactions impacting price forecasts. The adjusted figure initiated comprehensive market scrutiny across financial circles.
Financial implications of this analysis position Bitcoinโs capacity for true market valuation. Galaxy Digital altered its BTC forecast accordingly, reducing its 2025 target in response to maturing growth rates. Predictions now align with a new high at $120,000.
Analysts point to Bitcoinโs historical trends and inflationary effects on its nominal valuation. The lack of direct correlation with ETH or altcoins emphasizes Bitcoinโs unique market position. Galaxy forecasts a $250,000 price by 2027, contingent upon these insights.