What kind of title is this? How did bitcoin “just today” break its true all-time high, if the digital currency has been setting new high prices since the night of November 5?
The truth is that, until now, all the new all-time highs (ATH) that bitcoin marked were only nominally. That is, the price of bitcoin rose to dollar figures that had never been seen before.
But it must not be forgotten that The dollar, like all fiat currencies (issued by States), is constantly devalued.
The inorganic issuance above the market’s demand for dollars causes the purchasing power of the dollar to reduce over time.
So, if we adjust the figures according to inflation (a task that NoticiasVE did days ago and explained the corresponding calculations), The true all-time high for BTC was approximately $77,975.
Therefore, just today, November 10, reaching $80,000 per BTC, the digital currency is at a true all-time high price against the US dollar.
One lesson that bitcoin’s new price peak teaches us is how to understand value in a world dominated by fiat money. The “price” of bitcoin in dollars may rise, but what really interests us is the purchasing power that that figure represents.
In a system where money is printed at will, are we really seeing an increase in asset values or are we just adjusting to the new reality of a devalued currency? Bitcoin, with its limited and transparent supply, asks us a radical question: What does it really mean to own an asset whose value is, in fact, immutable?
While the dollar and fiat currencies continue to lose value, bitcoin remains a solid and, in many ways, incorruptible store of value.
Every time the Federal Reserve or the Central Bank of any country decides to print more money to “stimulate the economy,” the purchasing power of the dollar suffers. What you bought yesterday, you buy less today. But bitcoin, being a form of money programmed to be scarce, stays out of this monetary manipulation game.
Seeing this “true all-time high” can be eye-opening. The truth is that bitcoin is not only going up in terms of price; is acting like a refuge against the depreciation that devours traditional currencies.
This situation reinforces a conviction that many bitcoiners have held for years: the real value is not found in the figures of an artificially inflated financial system, but in that asset whose supply is not altered by a simple bureaucratic decision.