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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
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Produced by Daniel Aharonoff & Mogul Media AI

FTX Trial Update: Testimonies Concluded, Defense Strategy Uncertain - Implications for the Cryptocurrency Industry

In the ongoing criminal trial of FTX founder Sam Bankman Fried, the testimonies of FTX insiders Gary Wang, Caroline Ellison, and Nishad Singh have come to a close. These testimonies play a crucial role in the government's case against Bankman Fried, who has maintained his innocence in the face of fraud and conspiracy charges. With the defense still undecided on whether to present a case, the statements made by the witnesses during their testimony could potentially be used to shape the defense strategy. As the trial unfolds, the outcome will have far-reaching implications for the cryptocurrency industry as a whole.

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