Gresham’s Law and Bitcoin, Revisited

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.”