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Fed forgets long-term dollar devaluation when pricing eggs in BTC -Breaking

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When pricing eggs in BTC, the Fed overlooks the long-term dollar decline.

On Tuesday, May 7, the St. Louis Federal Reserve generated a lot of curiosity among the crypto community after it published a post showing what the cost of eggs is in ().BTCThe U.S. Dollar has seen a decrease in, ) over the past 14 months.

A blog was published by the Fed Research Arm on June 6th. Post titled “Buying eggs with bitcoins – a look at currency-related price volatility.”

Source: The FRED® Blog
Source: The FRED® Blog

Reacts Crypto (NYSE:)

Source: bloomberg.com
USD purchase power over time visualcapitalist.com

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