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. 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....
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CryptoDragon’s NFT Egg reservation started at exactly 12 PM EST on November 7, 2021, and ended too quickly. Within 10 seconds, Legendary Dragon Egg and 499 more Eggs were reserved. 🚀 All SOLD OUT! Random Eggs 0.2 ETH – sold outEpic Eggs 7 ETH – sold outLegendary Eggs 35 ETH – sold out Less than […]
CryptoDragons, the NFT project and first battle on the blockchain, announced an Egg reservation for November 7 at exactly 12 PM EST for interested players to reserve Dragon Eggs. As part of this challenge, 500 Eggs were up for grabs, including 1 Legendary Egg, 1 Epic Egg, and 498 randomly distributed Eggs. Prices were set at 35 ETH, 7 ETH, and 0.2 ETH, respectively. 🚀 All SOLD OUT! Random Eggs 0.2 ETH – sold outEpic Eggs 7 ETH – sold outLegendary Eggs 35 ETH – sold out Less than 10 Seconds!#nft #nftart #nftcommunity #cryptodragons #ETH — CryptoDragons.com....
Central bank balance sheets, dollar indices and monetary policy make it clear that institutional interest in bitcoin will only grow. The post How Monetary Policy And Dollar Devaluation Are Driving Institutional Interest In Bitcoin appeared first on Bitcoin Magazine.
Bitcoin's short-term downside correction is less likely to outweigh its long-term bullish bias (as long as the US dollar stays bearish).
Unlike other “traditional investments’ Bitcoin operates in a completely different matter. Short-term gains or losses are not guaranteed, making it less appealing to investors. Hardly anyone will be surprised to hear the Chinese Yuan continues its devaluation in the wake of the Brexit. In fact, the Chinese Premier mentioned how the entire global financial could collapse as a result of this outcome. At the same time, this news opens more opportunities for Bitcoin, assuming people are willing to take the risk. Individuals who have been following financial news over the past few months will....