Pricing Drawdown Infadj Drawdown Infadj
Bitcoin
This measures Bitcoin's drawdown from its all-time high in inflation-adjusted (2020) dollars.
Why it matters
It reveals the real, purchasing-power-adjusted depth of a drawdown.
How it is built
Price is deflated to constant dollars before computing the decline from the real peak.
What to watch
Real drawdowns can be deeper than nominal ones, giving a truer picture of value destruction.