Gresham's Law Does Not to Apply to Bitcoin In El Salvador

The economic rule discussed in a previous article doesn’t take these two factors specific to bitcoin’s situation in El Salvador into account.Austrian economists have long been interested in the study of money and the processes of monetization. The last global monetary standard that developed largely through market forces, gold, occurred well before the Austrians had performed their work on the topic. The advent of the digital monetary network known as Bitcoin gives the Austrian the utterly-rare opportunity to observe the reordering of global economic life as an emergent sound money takes....