Bitcoin’s $126,000 record equals $99,848 in 2020 dollars, inflation data shows

On December 22, 2025, Galaxy Digital researcher Alex Thorn said Bitcoin’s nominal all-time high of $126,000 equates to $99,848 when adjusted using 2020 dollars, leaving it just under the $100,000 threshold. Over the same period, U.S. inflation data indicates the dollar’s purchasing power has fallen by about 20%, while gold and silver have hit fresh records and some analysts warn of potentially higher inflation ahead.