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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

Gemini Files Lawsuit Against Genesis Global for Control of GBTC Shares: A Legal Battle in the Cryptocurrency Industry

In a legal battle that highlights the complexities and risks of the cryptocurrency industry, Gemini has filed a lawsuit against its former business partner, Genesis Global. The lawsuit seeks to gain control of 60 million shares of the Grayscale Bitcoin Trust (GBTC) that were pledged as collateral. The aim of the lawsuit is to secure the claims of Gemini Earn customers who had their funds locked up when Genesis froze withdrawals. This development comes shortly after the New York Attorney General, Letitia James, filed a separate lawsuit against Gemini, Genesis, and Digital Currency Group (DCG) for allegedly defrauding investors. The legal actions taken by both parties shed light on the challenges faced by investors in the cryptocurrency space and the need for regulatory oversight.

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