You all celebrating ATH without considering inflation between 2021 and 2024. I see you...
What would you put ATH at when adjusted for inflation?
Somewhere around 72K if you trust government numbers.
Bearish on gov’t trust
I always take government reported CPI and double it to get the real CPI.
This still seems conservative 😂
agree -- when people say it’ll be 1M per coin by 2030, I always think, “1M in 2024 dollars or 2030 dollars?” Because in 2030 dollars, that might not mean what you think it means.
The celebration doesn’t stem from a place of logic. It stems from pure emotion, and that’s okay. It’s the most prominent mental milestone in the near term and the most effective meme for normies. No need to be a wet blanket here.
It's all part of a process of Joy. 1. Celebrate ATH without inflation correction 2. Celebrate ATH with inflation correction.
Or as they say in Poland: Drugie śniadanie = second breakfast.
If Ethereum is still priced in thousands, then Bitcoin NGU is simply a reflection of inflation.
Dude, you are like an uncle at a 3 year old birthday telling that her real birthday is actually on another day. But the good news is, is that even the real ATH is also coming 😁 soonish.
It's important to learn early not to trust fiat years. Name day should be celebrated in blocks not years!
🤣
So anyway, who has the ATH USD value inflation added handy?
The answer is ~74k USD
I focus on the BTC to Gokd ratio. Slowly closing in at ~31.6 oz/BTC. ATH was ~37.0231 oz/BTC. In USDs that would be ~78600. I think BTC will achieve that by EoY