Yes, cold brewed coffee can have much more caffeine than you'd expect given the smoothness of the taste. Back when my brother managed a coffee shop, the first time I popped into his work and asked his recommendation, he didn't warn me of the caffeine content. I was well habituated to caffeine, but quickly drinking 12 or 16 oz. of cold-brewed coffee left me feeling a bit dizzy, to the point I hung around the shop for a bit to make sure I was fine to drive.