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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

Twitter Denies Responsibility for Fraudulent SEC Tweet: Security Breach Review

Twitter recently found itself in the midst of a security breach when a fraudulent tweet was sent from the SEC's account, falsely announcing the approval of 13 spot Bitcoin ETFs. Despite the alarming nature of the incident, Twitter has firmly denied any responsibility for the compromise. According to Twitter's Safety team, the breach occurred due to an unidentified individual gaining control over a phone number linked to the SECGov account. Interestingly, the SEC's account did not have two-factor authentication enabled, a security measure that had been previously recommended by SEC chair Gary Gensler. In response to this breach, Twitter has advised all users to enable this additional layer of security to protect their accounts from similar incidents in the future.

Key Points:

  • Twitter denies responsibility for fraudulent tweet from SEC's account regarding Bitcoin ETFs approval.
  • Breach attributed to unauthorized individual gaining control over phone number associated with SECGov account.
  • Lack of two-factor authentication on SEC's account, despite previous recommendation by SEC chair Gary Gensler.
  • Twitter advises all users to enable two-factor authentication for enhanced security measures.
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