jkpgamer on Nostr: True inflation adjusted all time high in the house! ...

True inflation adjusted all time high in the house!

quoting note1sxv…xuya

For those that care, I decided to run some numbers. There's a lot of talk about how #Bitcoin doesn't reach a new all time high until $80,777.14 but this is incorrect... The actual number is $77,067.00 approximately and here's why:

In 2021 #Btc was at $69,420 with a supply of roughly 18,869,653 coins. That's a market cap of 1.309T.

Today #btc is at $76,500 with a supply of 19,777,839 coins. Market cap of 1.513T. There's 4.81% more coins issued today than in 2021.

If you take the $80,777.14 times the old supply you get 1.524T. Which means we're only .012T market cap away from what it would have been in 2021. 1.524T divided by 19,777,839 coins today is a price of $77,067. You MUST include the inflation of the #btc supply as well.

We all know Bitcoin has a fixed END supply, but until that is reached the number of coins is still inflating. You can't just look at the monetary inflation of dollars.

Hope this helps because we're REALLY close to that true all time high number.