Has Bitcoin’s Value of $20,000 Remained Unchanged for 6 Years with Inflation Adjustment? 👀
Bitcoin's #value has remained at $20,000 for 6 years after adjusting for inflation.
Despite reaching highs of $69,000, considering #inflation , $20,000 worth of BTC purchased in 2017 is now valued at $24,942. This stability prompts questions about Bitcoin's role as a store of value.
The upcoming Jackson Hole Economic Symposium is anticipated to impact #BTC 's price status. Uncertainty looms due to U.S. inflation concerns and Federal Reserve policy. The BTC/USD order book indicates potential for rapid shifts.
