Top Highlights

• As Bitcoin climbs higher and higher, crypto watchers are furiously debating when the number-one cryptocurrency will meet and exceed its all-time high—but a lot has changed since November 2021.
• Should the price of Bitcoin return to its high-water mark of $69,044 per coin, according to CoinGecko, it would do so in very different market conditions, including the rate of inflation that's struck the U.S. since then. Would the real target be closer to $75,000, then?
• After Bitcoin marked those stellar highs, it lost more than half its value in a steady decline as the crypto bear market set in. A year after reaching its all-time high, the price of Bitcoin was $17,586. Even so, inflation continued apace—ranging from 4% to 8% per year—while Bitcoin slowly climbed back above $30,000 last April, and above $40,000 in...
• Such calculations also need to account for the upcoming Bitcoin halving,
• According to Waugh, meaningfully measuring Bitcoin's exchange rate in dollars will require adjusting its all-time highs for inflation since its inception in 2009 and comparing each new high to the previous inflation-adjusted figure.

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