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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

Unveiling Contradictions: An Analysis of Chris Dixon's Investment Thesis

In a recent podcast, Chris Dixon, a general partner at Andreessen Horowitz (a16z), staunchly defended his firm's investment thesis by asserting that none of the companies they are involved with sell tokens to the public. However, a closer examination of the a16z investment portfolio uncovers investments in projects such as DFINITY, Fei, and Axie Infinity, all of which have indeed sold tokens to the public. Additionally, Dixon's distinction between NFTs and tokens is notable, considering the firm's investments in companies that sell NFTs to retail investors.

Key Points:

  • Chris Dixon of a16z claimed no company they are involved with sells tokens to the public
  • Investments in DFINITY, Fei, and Axie Infinity contradict this statement
  • Dixon's differentiation between NFTs and tokens is contradicted by the firm's investments in companies selling NFTs to retail investors

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