Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
we haven't even reached the 2021 ATH when corrected for inflation. plenty of upside left
So this time is no different after all.
I have already heard this from some people. But should we now draw the lines in the chart adjusted for the inflation rate?
As nice as that sounds. But stock prices are not adjusted for inflation rate either.
Numbers do not lie. 73794 > 69000.
Adjusted for inflation of what though? The number given for inflation is based on a basket of goods; some of which you might not use in that year... or possibly in any year. The inflation adjusted price for 2017 bacon is higher (US$7.318) than that of 2020 (US$6.886) but I didn't see anyone adjusting the ATH in November 2020 to a lower dollar value that the previous ATH because of deflationary bacon.
