OmniFinn on Nostr: Remember, folks. It’s not ATH before 100k. Believe it or not, inflation affects ...

Remember, folks. It’s not ATH before 100k. Believe it or not, inflation affects #bitcoin USD-denominated price. I know, shocking.

quoting note1d4z…rhtq

You can get 28.6 ounces of $gold with a bitcoin right now ($btc price 76189$). The #bitcoin #ATH was in November 2021, when you could get a whopping 37 ounces of gold with a single bitcoin. So today's price is about 77% off the ATH, meaning we need to see 98946$ to meaningfully speak of ATH.