Results 1 - 12 of 12 for bitcoin [collection: research]
Buying eggs with bitcoins | FRED Blog
The FRED graph above tracks the price of eggs. Specifically, a dozen large grade A chicken eggs, in U.S. dollars, for each month since January 2021.This graph is a histogram, otherwise known as a bar graph, so the length of each bar represents the full price. Merely glancing at the heights of the bars shows us that the price fluctuates over time, with a low of $1.47 and a high of $2.52 as of April. This runny volatility is why food prices, along with energy prices, are often excluded from monet
The Future of Bitcoin | St. Louis Fed Economic Research
Economic Synopses looks at likely paths for crypto.
Antebellum “free” banking and the era of Bitcoin | FRED Blog
Smack in the middle of summer, you may find yourself with more free time, a freewheeling attitude, and maybe a wild inclination to pick up a new hobby, like spikeball… Or maybe even try out the hot new investment—cryptocurrency!In short, cryptocurrency is a digital asset that is not regulated by a central authority, in the way money is regulated by the Federal Reserve System in the United States. No governing authority determines how much, by whom, or when crypto is produced or exchanged. I
fredblog.stlouisfed.org/2018/07/antebellum-free-banking-and-the-era-of-bitcoin
Currency vs. Cryptocurrency | St. Louis Fed Economic Research
Our First Quarter Review offers an intro to cryptocurrency. Our Early Edition considers the social value of blockchain, Bitcoin, and cash.
Bitcoin and Fed Balance Sheet - FRED\ALFRED - St. Louis Fed
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July | 2022 | FRED Blog | Page 3
In the United States, we typically pay for goods with U.S. dollars. Hence, the consumer price index (CPI) looks at a basket of goods priced in U.S. dollars. But what if the CPI were priced in Bitcoin? The FRED graph above shows the inflation rates for this basket of goods in U.S. dollars (blue line) and in Bitcoin (red line).Even our currently high inflation rate in U.S. dollars is dwarfed by the towering peaks of the inflation rate in Bitcoin—not to mention Bitcoin’s wild gyrations. Never
Inflation and deflation with a fixed money supply | FRED Blog
In the United States, we typically pay for goods with U.S. dollars. Hence, the consumer price index (CPI) looks at a basket of goods priced in U.S. dollars. But what if the CPI were priced in Bitcoin? The FRED graph above shows the inflation rates for this basket of goods in U.S. dollars (blue line) and in Bitcoin (red line).Even our currently high inflation rate in U.S. dollars is dwarfed by the towering peaks of the inflation rate in Bitcoin—not to mention Bitcoin’s wild gyrations. Never
fredblog.stlouisfed.org/2022/07/inflation-and-deflation-with-a-fixed-money-supply
Currency vs. Cryptocurrency | St. Louis Fed Economic Research
The first articles in our Early Edition Review analyze Bitcoin, blockchain, and money in general.
news.research.stlouisfed.org/2018/02/currency-vs-cryptocurrency
August | 2018 | FRED Blog | Page 3
What if U.S. retail prices were not denominated in U.S. dollars, but instead were denominated in gold or Bitcoin? Paying for a loaf of bread with gold wouldn’t be very practical, as you’d need a very small speck of the precious metal. But one can imagine a system of gold substitutes, such as notes giving you ownership of a fraction of an ounce of gold, thereby overcoming the small-change problem. With Bitcoin, it’d be much easier, as a virtual currency can be divided any way you want.Now
Alternative money for transactions | FRED Blog
What if U.S. retail prices were not denominated in U.S. dollars, but instead were denominated in gold or Bitcoin? Paying for a loaf of bread with gold wouldn’t be very practical, as you’d need a very small speck of the precious metal. But one can imagine a system of gold substitutes, such as notes giving you ownership of a fraction of an ounce of gold, thereby overcoming the small-change problem. With Bitcoin, it’d be much easier, as a virtual currency can be divided any way you want.Now
fredblog.stlouisfed.org/2018/08/alternative-money-for-transactions
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