Good Crypto Story #2 — St. Louis Federal Reserve now officially tracking “crypto prices” from Coinbase cryptos — why would they follow?
Why would the Federal Reserve Bank of St Louis officially come out and say they are tracking the price action of : Bitcoin, Ethereum, Litecoin and Bitcoin Cash?
Would you track something not important?
Would you waste time on assets that are “not real” and due to go to $0. I don’t think so.
All these mini-steps are all affirmations of crypto is indeed being looked at in a big way by major banks, institutions and more.
Very interesting.
Wow. I am glad we are in before them
Very true...but note how they have brought the market down the last six months.
@bible.com
Given past govern-cement performance, i am sure they keep track of unimportant things all the time. Like posting a watchman outside a gate that nobody uses. Yep... sure its one of those situations
... where can we waste some more money?
I can only imagine having this job...
Boss walks in!
Me: Changes screen from coinmarketcap. looks busy
Boss: How is the acquisition of data going?
Me: Tedious work boss. Having to type all of these number in, it will take me the better part of a year.
Boss: Good work, keep at it. Let me know if you run into any snags.
Boss: steals some of the chocolates in the bowl at the corner of my desk and walks out.
Me: switches screens and starts playing space invaders.
Ok you win:-) This is the same Fed that said cryptos are good for the Central Banks.
They are covering their bases.
I think you are right.