According to ChainCatcher news and Cryptoslate, the price of Bitcoin surpassed $100,000 this year, triggering celebrations in the market. However, Alex Thorn, head of research at Galaxy, pointed out that when adjusted for inflation based on the purchasing power of the dollar in 2020, the actual purchasing power when Bitcoin reaches $100,000 is only about $80,000 in 2020 terms. Since 2020, the US CPI has risen from 258.8 to over 320, significantly eroding the purchasing power of the dollar. To reach a true $100,000 (2020 purchasing power), the market price would need to be around $125,000. However, Bitcoin did indeed approach this level at the peak of the 2025 cycle, but then fell back by about 30%. Analysts believe that the next true milestone for Bitcoin has continuously shifted upward due to inflation, and investors should focus on actual purchasing power rather than nominal figures.