"Bitcoin's All-Time High Holds Strong Against Inflation"
TL;DR Summary
Despite reaching a new all-time high, when adjusted for inflation, Bitcoin's current value is still lower than its previous peak in 2021. This challenges the notion of Bitcoin being a successful store of value. The U.S. dollar's inflation has impacted Bitcoin's purchasing power, but its recent rally and global acceptance indicate growing confidence in its longevity. Bitcoin's performance alongside physical gold and its capped supply of 21 million coins contribute to its perceived value, despite concerns about inflation and economic management.
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