{"id":26243,"date":"2025-08-19T17:31:56","date_gmt":"2025-08-19T14:31:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26243"},"modified":"2025-08-22T17:36:11","modified_gmt":"2025-08-22T14:36:11","slug":"presto-labels-bitcoins-record-surge-as-an-inflationary-illusion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/presto-labels-bitcoins-record-surge-as-an-inflationary-illusion\/","title":{"rendered":"Presto Labels Bitcoin&#8217;s Record Surge as an &#8216;Inflationary Illusion&#8217;"},"content":{"rendered":"<p>The latest historic peak of digital gold may not reflect a genuine increase in value but rather the impact of dollar inflation, according to analysts from Presto Research.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 Measuring Bitcoin\u2019s true worth in gold \ud83e\ude99<\/p>\n<p>In fiat terms, BTC is near all-time highs. But priced in gold, the story changes:<\/p>\n<p>\u2014 BTC\/gold ratio is below 2021 peak and 2024 post-election euphoria<br \/>-Suggests the rally is inflation-driven, not purely adoption-led<br \/>-Gold is a better\u2026 <a href=\"https:\/\/t.co\/qh5fp1zVX5\">pic.twitter.com\/qh5fp1zVX5<\/a><\/p>\n<p>\u2014 Presto Research (@Presto_Research) <a href=\"https:\/\/twitter.com\/Presto_Research\/status\/1957389113134322077?ref_src=twsrc%5Etfw\">August 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On August 14, Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hits-a-record-above-124000\">reached<\/a> a new price record of $124,000. By the time of writing, the asset&#8217;s rate had adjusted to $115,292.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXeac0uSMN8hIUSeOYwW4w3ea-A3MekoWLmFg5WF74JSVbOH2BYkrIm8Dh-4T7U63q4F2Zmm5zegyhoeTIq_FJ33Ohoh4DUkYZM6N74jf9BIVQcbRTTAL67JZifzQlkRdFBQXxMcA.webp\" alt=\"Presto Labels Bitcoin's Record Surge as an 'Inflationary Illusion'\" class=\"wp-image-264194\"\/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart from Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Experts compared valuing the first cryptocurrency in dollars to measuring length with a &#8220;ruler with shifting divisions.&#8221; Since central banks can arbitrarily increase the money supply, any nominal expression of value in fiat becomes subjective, the specialists noted.<\/p>\n<p>For a more accurate assessment, they suggested measuring Bitcoin&#8217;s price in gold\u2014an asset with limited supply and a status not controlled by the state. Despite positive trends in recent years, the cryptocurrency&#8217;s rate in terms of the precious metal remains below the peaks of 2021 and post-election levels of 2024.<\/p>\n<p>According to analysts, the current growth is more likely driven by inflationary expectations than genuine adoption. However, they acknowledge that considering inflows into ETFs and corporate investments, Bitcoin appears &#8220;undervalued.&#8221;<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXcoRZZ2JG64w8kJ55YSwuqASonXOCuvagdmyOyZ3dsY3L9jnZ-1r6yTd-XqJEKR4A6O3hoHY2XxwH5i6NpKOJPkxyC27FL07B8_QlPy2QWdm9CEHURN9xE2bAQXgySuJNMM1z3kgw.webp\" alt=\"Presto Labels Bitcoin's Record Surge as an 'Inflationary Illusion'\" class=\"wp-image-264193\"\/><figcaption class=\"wp-element-caption\">Monthly chart of inflows and outflows for spot Bitcoin ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Presto&#8217;s conclusions resonate with debates in Washington about revaluing gold reserves. The U.S. Treasury still values 260 million ounces at the legally set 1973 price of $42.22 ($10.9 billion), while the market value of the assets is approximately $750 billion.<\/p>\n<p>Treasury Secretary Scott Bessent <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-02-20\/bessent-has-no-plans-to-revalue-us-gold-reserves\">rejected<\/a> the idea of revaluing the precious metal, citing legal obstacles and inflation risks, referring to the <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9A%D0%BE%D0%BD%D1%84%D0%B8%D1%81%D0%BA%D0%B0%D1%86%D0%B8%D1%8F_%D0%B7%D0%BE%D0%BB%D0%BE%D1%82%D0%B0_%D1%83_%D0%BD%D0%B0%D1%81%D0%B5%D0%BB%D0%B5%D0%BD%D0%B8%D1%8F_%D0%A1%D0%A8%D0%90_%D0%B2_1933_%D0%B3%D0%BE%D0%B4%D1%83\">experience of 1934<\/a>.<\/p>\n<p>Senator Cynthia Lummis <a href=\"https:\/\/x.com\/SenLummis\/status\/1956095326210941204\">proposed<\/a> an alternative: revalue gold reserves at current prices and use the difference to create a strategic Bitcoin reserve without increasing the U.S. debt of $37 trillion.<\/p>\n<p>Back in August, Bessent <a href=\"https:\/\/u1f987.com\/en\/news\/us-treasury-rules-out-budget-funded-bitcoin-reserve\">stated<\/a> that the government does not plan to purchase additional cryptocurrency to form a reserve. He mentioned that the regulator is exploring budget-neutral ways to acquire Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest historic peak of digital gold may not reflect a genuine increase in value but rather the impact of dollar inflation.<\/p>\n","protected":false},"author":1,"featured_media":26244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"For a more accurate assessment, experts suggested measuring the cryptocurrency's price in gold.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536,26],"class_list":["post-26243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"50","promo_type":"1","layout_type":"1","short_excerpt":"For a more accurate assessment, experts suggested measuring the cryptocurrency's price in gold.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26243"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26243\/revisions"}],"predecessor-version":[{"id":26245,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26243\/revisions\/26245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26244"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}