In a blog post, the Federal Reserve compared buying eggs to Bitcoin (BTC) and the U.S. dollar, with the results showing that Bitcoin is better at protecting against inflation than the U.S. dollar. The author of the article measured the price of a dozen eggs in BTC (measured in satoshis) and USD since January 2021 and found that prices fluctuated widely, but the number of satoshis required to purchase the same amount of eggs was less than the equivalent USD More.

As of August 2023, buying demand from BTC holders has decreased by 70%, while USD has decreased by 58%. Compared to the beginning of 2021, eggs cost more in both currencies, at 39% and 73% respectively, compared with 73% for USD and BTC. However, arbitrary time frame comparisons still don't help much here.

In addition, data from the Federal Reserve shows that a recession in 2024 is increasingly likely, with the probability of a recession approaching 60% in September, while bond yields have soared in what has been called a "bear steep".