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Bitcoin Cointelegraph

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

The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs; however, the crypto community was quick to point out the reality of the situation.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs; however, the crypto community was quick to point out the reality of the situation.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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