Bitcoin Inflation-Adjusted Price Analysis by Galaxy Digital

Key Points:
  • Bitcoin  BTC -0.23% ’s peak price adjusted for inflation falls below $100,000.
  • Alex Thorn of Galaxy Digital provides the evaluation.
  • Analysis highlights Bitcoin’s value in 2020 dollars using CPI data.

Alex Thorn, Head of Research at Galaxy Digital, noted that Bitcoin has not surpassed $100,000 since inflation-adjusted values remain below this threshold.

This insight highlights the impact of inflation on cryptocurrency valuations, emphasizing Bitcoin’s perceived market value versus actual purchasing power.

Bitcoin still hasn’t hit $100,000 when adjusted for inflation, according to Galaxy Digital’s research. This finding examines Bitcoin’s October 2025 peak of $126,000, which translates to $99,848 in 2020 dollars.

Alex Thorn, Head of Research at Galaxy Digital, provided the analysis. The evaluation uses the U.S. Consumer Price Index (CPI) data to adjust Bitcoin’s 2025 peak valuation to 2020 dollars. Thorn remarked, “If you adjust the price of Bitcoin for inflation using 2020 dollars, BTC never crossed $100,000.”

Inflation’s Impact on Cryptocurrency Valuation

The inflation-adjusted analysis of Bitcoin highlights its perceived market value shifts over time. This financial insight emphasizes the growing importance of considering inflation in cryptocurrency valuation.

Investor and Policy Implications

The assessment may influence investor perceptions and strategies as they evaluate cryptocurrency returns against inflation. This analysis illustrates the need for investors to account for historical economic indicators.

Institutional investors might adjust their strategies based on inflation considerations. Industry observers could derive policy implications for monetary governance. Incorporating inflation data offers a deeper understanding of cryptocurrency market dynamics.

The inflation-adjusted valuation of Bitcoin could lead to shifts in regulatory perceptions. It underlines the necessity for regulatory frameworks to evolve alongside digital asset market transformations.

Otto Bergmanr

Otte Bergmar is a crypto journalist covering Scandinavian and European blockchain markets, with a focus on decentralisation, privacy, and the AI–crypto interface. He reports on Web3 startups, market structure, and EU policy; from licensing regimes to consumer protection and cross-border compliance. At TokenTopNews, Otte transforms policy drafts, regulatory disclosures, and on-chain data into actionable, decision-ready insights, helping readers understand how regulation influences blockchain adoption across Europe.