Cryptocurrency News
Fed forgets long-term dollar devaluation when pricing eggs in BTC
2022.06.07 10:06
Fed forgets long-term dollar devaluation when pricing eggs in BTC
The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctuated over the last 14-months compared to the U.S. dollar.
On June 6, the Fed research arm posted a blog post titled “Buying eggs with bitcoins – a look at currency-related price volatility.”
Source: The FRED® BlogSource: The FRED® Blog
Crypto Twitter (NYSE:TWTR) reacts
Source: bloomberg.comUSD purchasing power over time – visualcapitalist.com
