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23 September, 2024

Bitcoin’s $80K Price Target: Not Actually a New All-Time High?

23 September, 2024

Bitcoin recently broke through its previous all-time high, reaching $73,880 in USD terms. While analysts predict further gains, pushing Bitcoin above $80,000 by 2025, this might not actually represent a new all-time high in real terms. The impact of inflation needs to be considered. When adjusted for inflation, Bitcoin’s 2021 peak surpasses the current price target. This highlights the importance of understanding the historical context and the effects of inflation when evaluating Bitcoin’s future potential.