New ATH? Sure… if you trust the dollar. BTC still hasn’t broken ATH in euros or gold

Yeah, BTC just hit a new all-time high in USD. Feels good, right?

But zoom out. The “record” is just what happens when the dollar melts faster than ice cream in July. In euros, we’re still ~7% below the real ATH. And in gold, we’re also not there yet.

???? BTC/EUR ATH: €102,004 on Jan 21, 2025 ???? Today: ~€94,800 → still down ~7% ???? BTC/Gold today: ~45 oz per BTC — below the 2021 ratio peak

So is Bitcoin pumping? Yes. But is the dollar dumping even harder? Also yes.

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????️ USD go brrrr When fiat weakens, BTC goes “up” — but don’t confuse inflation with real gains. Real ATH is when Bitcoin breaks fiat, not just one specific fiat.