Egg prices rose 60% in 2022
In 2022, egg prices rose to unprecedented levels. According to the Consumer Price Index, a measure of inflation, customers paid an average price increase of 60% for all egg types last year, one of the highest percentage increases of any US item or service.
According to data from the US Bureau of Labor Statistics, the median price for a dozen large Grade A eggs in December was $4.25, up 138% from $1.79 a year earlier.
The main reason for these higher prices, according to the company, is an unprecedented outbreak of bird flu that has killed tens of millions of egg-laying chickens.
Source: Trade Economics
Bitcoin fell 60% in 2022
The past year has been an extremely turbulent year for cryptocurrencies and quite possibly the worst yet. The collapse of various firms in the cryptosphere started with the collapse of the Terra sisters, followed by Three Arrows Capital and the last was the collapse of FTX. The crypto market lost billions of dollars to scams and scams that dominated the industry. There were also other economic factors, such as rising inflation, that prompted the Fed to raise interest rates.
It was almost impossible for only crypto tokens to thrive in such a situation, which caused Bitcoin’s price to drop by 60%. The BTC token fell as low as just above $15,000. Additionally, investors pulled money out of the market as they searched for better pastures, which also reduced trading volume. 
Source: Coinmarketcap
Also Read: Crypto Prices Today: Bitcoin Surpasses 23,000, Jumps 1.67%, BNB Rises 5%
BTC vs Eggs
Interestingly, in the same year, bitcoin price fell 60% and egg price rose 60%. The reason for both seems to be similar, the incursions in their environment affect them both in different ways.
Well, if you’re looking for my investment proposition, I would say that the current market situation makes Ei a better investment than Bitcoin. Bitcoin is volatile and prone to ups and downs. However, the price of the egg will only increase or at least stay the same over the next few months, which guarantees better profits.
There were predictions from experts that Bitcoin price could reach as high as $250,000, but for Silicon Valley investor Tim Draper, that turned out to be a far-off daydream. Hence, we conclude: “Don’t count your bitcoins until your egg hatches.”
Also read: Shiba Inu Developer Gives Hints on Completing Shibarium Beta Rollout
Shourya is a fintech enthusiast covering mostly cryptocurrency prices, Union Budget, CBDC and FTX collapse. Connect with her at [email protected] or tweet at Shourya_Jha7
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication assumes no responsibility for your personal financial loss.
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