Skip to main content

Featured Story

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
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Solana Mobile Set to Launch Affordable Successor to Saga Smartphone

Solana Mobile is gearing up to introduce a successor to its Saga smartphone, set at a more affordable price point. The upcoming device, as reported by CoinDesk from a reliable source, will showcase distinct hardware specifications while retaining the crypto-friendly features that made the original Saga smartphone notable. These features encompass a built-in crypto wallet, a decentralized application (dapp) store, and customized Android software. Originally launched in May 2023 as a bold endeavor by Solana Mobile and Android development firm OSOM, the initial Solana Saga was priced at $1,000. Despite being hailed as a "premium Android flagship" in a review by Decrypt, the device faced sluggish sales prompting a price reduction of $400 after four months on the market. Solana co-founder Anatoly Yakovenko emphasized the necessity for the device to reach 25,000 to 50,000 units to establish a dedicated user base for developers to engage with. However, interest in the Saga surged towards the end of 2023, fueled by the rising popularity of Solana-based meme coins like BONK that were bundled with the Saga device. As a result, by December, the Saga had completely sold out as the bundled BONK tokens outvalued the device itself. The focus for Solana Mobile moving forward is to closely heed the feedback from the community to gauge existing and future demand, thereby determining the next steps for the brand's product lineup.

  • The new smartphone from Solana Mobile is anticipated to be priced more affordably compared to its predecessor, the Saga.
  • Despite the initial underwhelming sales of the original Saga, interest in the device surged later in 2023 due to the inclusion of popular Solana-based meme coins like BONK.
  • Solana Mobile remains committed to engaging with its community to discern current and future demand patterns and shape its forthcoming product strategies.
Email Post

Comments

Post a Comment

Trending Stories