How Does Gresham’s Law Relate To Bitcoin?
How do we define good and bad money, and how does that relate to the economics surrounding bitcoin?To many, bitcoin is the soundest money the world has ever seen. In this article we dive into Gresham’s law and discuss how bitcoin will eventually overtake the dollar, and all other fiat currencies. We cover what Gresham’s law is, how it relates to bitcoin, and whether bitcoin exhibits characteristics of good money as it relates to Gresham’s law.What Is Gresham’s Law?Investopedia states: “Gresham's law is a monetary principle stating that ‘bad money drives out good.’ It is primarily used for....
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