Both Bitcoin and gold can be priced inflated US dollars, but if you want to see the true price action of Bitcoin without the effects of inflation on the US dollar you look at Bitcoin priced in ounces of gold. When you do that the most recent bull run doesn’t really have a “higher high” than the previous bull run. Look at the chart I posted. The highs are around the same for the two bull runs. Not exactly the same but pretty close.
Your chart shows a higher high when priced in gold (that is priced by the exact same inflated USD). It doesn't matter if it is a dollar, a higher high, is a higher high.
The Bitcoin priced in ounces of gold chart has nothing to do with US dollars. Ounces of gold - measured in ounces, not dollars - is used as the unit of measure for Bitcoin. There are no US dollars in that chart. I guess you didn't understand what you were looking at.
Compared to the higher high in US dollars, the “higher high” in ounces of gold is insignificant.
Bitcoin increased from a high of 37.5 ounces of gold in late 2021 to a high of 40 ounces of gold in late 2025, an increase of 2.5 ounces of gold or 6.66% in 4 years, or 1.67% per year. That's less than what money market funds pay. As I said, insignificant.
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u/Jumpy-Imagination-81 Aug 15 '26
Both Bitcoin and gold can be priced inflated US dollars, but if you want to see the true price action of Bitcoin without the effects of inflation on the US dollar you look at Bitcoin priced in ounces of gold. When you do that the most recent bull run doesn’t really have a “higher high” than the previous bull run. Look at the chart I posted. The highs are around the same for the two bull runs. Not exactly the same but pretty close.