Bitcoin's all-time high price of $69,325 has not surpassed its inflation-adjusted high set in November 2021. When accounting for inflation, bitcoin would need to reach $78,905.45 to match the value of its 2021 all-time high. However, Bitcoin is still worth significantly more than in its early years when its value was negligible or just reaching parity with the US dollar. The US dollar index has risen nearly 11% since Bitcoin's last all-time high, decreasing the purchasing power of many global currencies.
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00:00 It's Benzinga and here's what's on the block. Bitcoin's all-time high price of $69,325 has
00:06 not surpassed its inflation-adjusted high set in November of 2021. When accounting for inflation,
00:10 Bitcoin would need to reach $78,905 to match the value of its 2021 all-time high. However,
00:16 Bitcoin is still worth significantly more than in its early years when its value was negligible
00:20 or just reaching parity with the US dollar. The US dollar index has risen nearly 11% since
00:25 Bitcoin's last all-time high, decreasing the purchasing power of many global currencies. Some
00:30 see Bitcoin maintaining value better than fiat currencies amid high inflation, while others say
00:34 its long-term ability to store value remains uncertain. For all things money, visit Benzinga.com.