Based on the core Consumer Price Index (CPI), which excludes volatile items like food and energy to provide a clearer view of underlying inflation trends:
For January 2024, the year-over-year core CPI was 3.87%.
In 2023, the core CPI varied significantly, starting at 5.54% in January, dipping to around 4% towards the end of the year, and ending at 3.91% in December.
Throughout 2022, the core CPI saw a gradual increase from 6.08% in January, reaching a peak of 6.31% in October, and then slightly declining to 5.69% by December.
In 2021, the core CPI was lower at the start of the year, with January at 1.49%, and saw a gradual increase throughout the year, ending at 5.63% in December.
To calculate the equivalent value of 1 Bitcoin in 2024 dollars, considering the actual core inflation rates, we will use the December figures for each year as representative annual rates. Let's use these rates for a calculation.
Considering the actual core Consumer Price Index (CPI) inflation rates, to maintain the same value as its peak of $69,000 in 2021, 1 Bitcoin would need to be priced at approximately $80,043.78 USD in 2024. This calculation uses the core CPI rates of 5.63% for 2021, 5.69% for 2022, and 3.91% for 2023, providing an adjusted value that reflects underlying inflation trends without the impact of volatile items like food and energy.
For January 2024, the year-over-year core CPI was 3.87%.
In 2023, the core CPI varied significantly, starting at 5.54% in January, dipping to around 4% towards the end of the year, and ending at 3.91% in December.
Throughout 2022, the core CPI saw a gradual increase from 6.08% in January, reaching a peak of 6.31% in October, and then slightly declining to 5.69% by December.
In 2021, the core CPI was lower at the start of the year, with January at 1.49%, and saw a gradual increase throughout the year, ending at 5.63% in December.
To calculate the equivalent value of 1 Bitcoin in 2024 dollars, considering the actual core inflation rates, we will use the December figures for each year as representative annual rates. Let's use these rates for a calculation.
Considering the actual core Consumer Price Index (CPI) inflation rates, to maintain the same value as its peak of $69,000 in 2021, 1 Bitcoin would need to be priced at approximately $80,043.78 USD in 2024. This calculation uses the core CPI rates of 5.63% for 2021, 5.69% for 2022, and 3.91% for 2023, providing an adjusted value that reflects underlying inflation trends without the impact of volatile items like food and energy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.