Bitcoin Price Analysis: Why BTC Hasn't Truly Reached $100,000 Adjusted for Inflation, Says Galaxy's Alex Thorn

Despite Bitcoin's (BTC) nominal price reaching all-time highs, a key inflation-adjusted milestone remains unmet, according to Alex Thorn, Head of Research at Galaxy Digital. Thorn's analysis reveals that when adjusted for U.S. inflation, Bitcoin's peak purchasing power equivalent is still below the $100,000 mark. This perspective highlights the impact of macroeconomic factors, like Federal Reserve policy and CPI data, on cryptocurrency valuation. The report suggests that for Bitcoin to achieve a "real" $100,000 price, its nominal value must climb significantly higher to offset cumulative inflation since 2020-2021. This insight is crucial for long-term BTC investors and crypto market analysts assessing Bitcoin's true store-of-value proposition against fiat currency devaluation.