Also, I don’t think there ever was this much fiat inflation between any two previous consecutive all-time-high cycles. For instance: the high of 20k$ in 2017 was worth 22k$ in 2021, a gap of four years but still less inflation in that period.
I suppose in people’s minds the previous all-time-high is still the symbolic milestone, no matter what it may be worth now. But this inflation adjusted price may still be a good one to keep an eye on.
Interesting to keep that in mind when setting your hopes and deciding your exit strategies.
UPDATE: follow up post (now accounting for inflation AND increased total supply of Bitcoin).
***
Sauce for calculations of inflation-adjusted prices.
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