Not to be a Debby downer (this last week has been very exciting!), but for all the talks about USD inflation. How come this is never taken into account when talking ATH or actual BTC value?
ATH 69k in 2021. When we hit 69k again we would supposedly be at the ATH but because of inflation the actual value of Bitcoin would still be significantly below the ATH in 2021. We would roughly need a 80k USDBTC exchange rate to hit the same objective Bitcoin value as the 2021 ATH. ELI5: if 1 BTC at 69k in 2021 could buy you a lambo, in 2024 1 BTC at 69k could not buy you the same lambo. That would require 1 BTC at 80k.
Matter of fact I'm thinking don't we need a more objective measuring stick all together that doesn't get skewed by USD inflation? For poetic reasons suppose we take the 2011 USD value (when 1 BTC first surpassed 1 USD) and deflate exchange rates back to 2011 USD value. Let me call that the BitcoinDollar. With this we can chart out the value of bitcoin over time that is free of distortion by inflation and can objectively be weighed against each other. Growing deviation between current exchange rate and BitcoinDollar rate would point out how much value USD lost against BTC over time.
My math sucks so forgive my rough inflation calculations. But as I did have a few drinks I wanna put this out there and am wondering, does this make any sense or am I seeing ghosts? ????
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