Veteran trader Peter Brandt anticipates a peak between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs).Reality checkHowever, while the four-year cycles have consistently produced new all-time highs, the reality of this cycle is different.As bitcoin grows, matures, and becomes more valuable, it takes significantly more capital to push it meaningfully higher. The track record of cycle highs proves it:2013: $2662017: nearly ~$20,000 (75x from previous high)2021: ~$69,000 (3.5x from 2017)2025: $126,000 (just 1.8x from 2021)What this means is that bull runs are getting…

The US Federal Reserve named Andreessen Horowitz (a16z) co-founder Marc Andreessen to help lead a task force studying how artificial intelligence and other new technologies could affect productivity and jobs.Andreessen will serve on the Fed’s Productivity and Jobs task force alongside Charles I. Jones, a Stanford University economics professor currently on leave at Anthropic, and Asha Sharma, Microsoft’s executive vice president and Xbox CEO.The new task force will assess how general-purpose technologies such as AI will affect employment and productivity to better inform the central bank’s policymaking, the Fed said in a Thursday press release.The group is one of five…

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