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Bitcoin, Inflation, and the Fallacy of Cherry-Picked Timeframes
From bitcoinfortress.substack.com
A meme has been circulating recently claiming that Bitcoin never actually broke $100,000 when adjusted for inflation. The implication is clear: Bitcoin failed as a store of value, and the price celebration was an illusion. At first glance, the argument sounds sophisticated. Inflation adjustment is real. Purchasing power matters. Serious investors should think in real terms, not nominal ones. But when you zoom out — even modestly — the meme collapses under its own assumptions. The claim depends on three quiet choices that rarely get mentioned: • A cherry-picked starting point (2020) • A single lump-sum ... (full story)
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