I was thinking about total Bitcoin price response being made up of distinct parts:

1) Adoption Demand,

2) Supply Halving, and

3) Fiat Devaluation.

But, when we judge a new all-time high, it’s oft from three to four years ago. A lot of devaluation may have happened in that time. So, if we look at the bitcoin price against the US consumer price index median year-over-year, suddenly there’s no all-time high yet, the pattern stabilizes, and next steps look queued up nicely as we beat our head against the past all-time-high wall. Is my approach an effective method of removing the inflation impact on price levels? Definitely seems to cut out some of the price chaos.