Crypto World, meet FRED.
The St. Louis Federal Reserve has added four cryptocurrency price trackers to its extensive research database, CCN reports. The Federal Reserve Economic Data, or FRED, will now include pricing data for bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC), going back to as early as 2014 in the case of bitcoin.
That the St. Louis Fed is doing this should not be a total surprise. Its governor, James Bullard, spoke about cryptocurrency at the recent Consensus conference in New York. He said he could envision a future in which cryptocurrencies play an important role, even though they could cause the monetary landscape to revert back to a “non-uniform currency system.” Read more here.