How do you conclude this? From https://www.researchgate.net/profil...mmunication.pdf?origin=figuresDialog_download, we find this figure:
View attachment 641529
The attenuation at 38kHz is less than10 dB/m, and the signal goes 2m at most.
Don't know where they got that info from but it is a study on" Optical Transmitters" and not Radio Transmitters. I found my info in a study that tested loop antennas 100ft apart underwater in sea water and they found that 10W of RF power at 30Khz was needed to keep the signal clean at 100ft. I suspect they used much better receivers than what is found in a DC,
Keep doing your own research and come back when you have answers that actually solve the problem. I am more than willing to work with anybody who has real solutions to the problem.