According to ChainCatcher news and Cryptoslate, this year's Bitcoin price breaking through $100,000 has triggered celebrations in the market, but Galaxy's research director Alex Thorn pointed out that when adjusted for inflation based on 2020 USD purchasing power, the actual purchasing power when Bitcoin reaches $100,000 is only equivalent to about $80,000 in 2020.
Since 2020, the US CPI has risen from 258.8 to over 320, significantly eroding the purchasing power of the dollar. To achieve a true $100,000 (2020 purchasing power), the market price needs to reach around $125,000. However, Bitcoin did approach this level at the peak of the 2025 cycle, but then fell back by about 30%.
Analysts believe that the next real milestone for Bitcoin has been continuously shifting upward due to inflation, and investors should focus on real purchasing power rather than nominal figures.
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Viewpoint: When Bitcoin breaks the six-figure price, inflation dilutes actual purchasing power.
According to ChainCatcher news and Cryptoslate, this year's Bitcoin price breaking through $100,000 has triggered celebrations in the market, but Galaxy's research director Alex Thorn pointed out that when adjusted for inflation based on 2020 USD purchasing power, the actual purchasing power when Bitcoin reaches $100,000 is only equivalent to about $80,000 in 2020. Since 2020, the US CPI has risen from 258.8 to over 320, significantly eroding the purchasing power of the dollar. To achieve a true $100,000 (2020 purchasing power), the market price needs to reach around $125,000. However, Bitcoin did approach this level at the peak of the 2025 cycle, but then fell back by about 30%. Analysts believe that the next real milestone for Bitcoin has been continuously shifting upward due to inflation, and investors should focus on real purchasing power rather than nominal figures.