On February 9th, 2011 Bitcoin had a market position (price) of 1 USD.
Now, on June, 11th, 2023, the market position of Bitcoin is ~25,000 USD. But is this right? A lot of "money people" or "Bitcoin maximalists" are telling this story. But this is not true at all. Inflation corrected is around 30 to 40 percent of the ~25.000 USD. So it is basically a market position (in relation of the value of 2011) of ~12,000 USD.
This is also really good,
but it shows two things:
1. Bitcoin is FIAT-bounded, and through exchange rates, has a worse inflation rate as FIAT.
2. Nearly every aggregator and exchange which is showing Bitcoin rates not indlation corrected is scamming! (To pump FIAT in the market.)
Prove me wrong, I would love to be wrong! But I am not.
Edit:
And this is just the inflation related to Bitcoin-Fiat/good. What is about the "chain-inflation"? First Bitcoin has 21 million, first fork has 21 million, and so on - and all this Bitcoin eating from the same bowl...
OP, you sorta did the opposite calculation. The compounded inflation rate since 2011 is 30-40%, not that the dollar value is 30-40% what it was. 30-40% means the dollar value in 2023 is 60-70% what it was. Specifically the cumulative inflation rate over the past 12 years from what I can see online is 35%. Which puts $25k at $18.5k, not $12k. But the price currently is $26k, not $25k, which puts it at about $19.25k inflation adjusted.
So while the dollar today has declined to $0.65 in 2011 dollars, Bitcoin has risen from $1 to ~$18,500 in 2011 dollars.
I have no idea what you are talking about "fiat-bounded" or saying bitcoin has worse inflation rate because neither of those things are true. And why would anyone price bitcoin in inflation-adjusted rates to an arbitrary year in the past? That serves no purpose. Of course rates are going to be cited against today's dollar because that's literally what the value is today. Nobody prices anything according to inflation-adjusted rates to some arbitrary previous year.
There ya go, I proved you wrong lol.
And chain-inflation is something imaginary you just made up lol. There's only 21 million bitcoin. There will never be any more.