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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

Unmasking AI-Powered Crypto Scams: Michael Saylor's Warning

Michael Saylor, the founder of cloud software company MicroStrategy, took to Twitter this week to issue a stark warning about the proliferation of AI-powered deepfake scams targeting cryptocurrency enthusiasts on YouTube. Saylor cautioned against falling for promises of easy riches through Bitcoin giveaways, emphasizing that there is no risk-free way to double your Bitcoin. He revealed that his team dismantles approximately 80 fake AI-generated YouTube videos daily, yet scammers persist in churning out more. The prevalence of these fraudulent schemes underscores the importance of vigilance and verification in the crypto space.

MicroStrategy's Stance on Bitcoin

  • MicroStrategy, led by Michael Saylor, is renowned for its substantial Bitcoin holdings, surpassing those of any other publicly traded company.
  • The company's Bitcoin treasury now exceeds $8 billion, a testament to Saylor's unwavering advocacy for Bitcoin's utility and adoption.
  • Saylor's public endorsements of Bitcoin have garnered significant attention, with media interviews frequently featuring his resolute support for the cryptocurrency.

Rise of AI-Powered Scams

  • Fraudsters commonly impersonate prominent figures to deceive individuals into sending cryptocurrency under false pretenses.
  • High-profile Twitter accounts, including those of Elon Musk, have been hacked in the past to propagate fraudulent Bitcoin schemes.
  • The integration of AI and deepfake technology in these scams poses a heightened challenge for detection, complicating efforts to combat deceptive practices.

As Michael Saylor aptly advises, skepticism and verification are essential safeguards against falling victim to these increasingly sophisticated AI-powered scams. The prevalence of deepfake technology underscores the imperative for individuals to exercise caution and due diligence when engaging with cryptocurrency-related content online. Trust, but verify, remains a prudent mantra in navigating the evolving landscape of crypto scams.

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