Gresham’s Law and Bitcoin, Revisited

Posted On Apr 3, 2021 By Addison Wiggin

Gresham’s Law stipulates that “good” money will be saved, rather than spent. “That is exactly what we see with Bitcoin. People may use BTC for high-end purchases like cars and houses, etc.” Brian Maher says, “as they might cash out a stock for the same reason. But they speculate in Bitcoin to acquire the dollars to buy the car or the house… or a vaxication… the same reason people speculate in stocks.”


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