According to U.S. Inflation Calculator data, Bitcoin's (BTC) price performance has remained relatively static since 2017, when adjusted for inflation. Despite crossing the $20,000 mark multiple times and reaching as high as $69,000, the inflation-adjusted value of BTC purchased in 2017 at $20,000 is now worth $24,942. The current Bitcoin spot price of $26,050 indicates that the cryptocurrency's value has not significantly changed over the past six years. Some argue that this demonstrates Bitcoin's ability to function as a store of value, while others point out that the calculation is based on official inflation numbers, which may not accurately reflect real-world inflation rates. The upcoming statement on economic policy by Federal Reserve Chair Jerome Powell at the annual Jackson Hole Economic Symposium is eagerly anticipated by investors, as it may provide insights into the future direction of BTC prices.