I recently read about Gresham's law, and it seemed kind of counterintuitive at first, but it makes sense. However does this mean that bitcoin will be driven out of circulation, if more people hold it because its commodity value is more than its 'face' value? Is this a good or bad thing? And would this be likely... Our futures trading app on Binance is up 30% in less than a day, imagine that! Better than stocks or options trading by a margin, trade crypto! Our ai-driven swing trader is ahead of this bear market by a margin! Watch on your favorite streaming app.. . ... On-chain momentum is crossing into bullish. Prep for halvening front running here on in. The bottom is mostly likely in, anything lower will be just a wick in the … source In turn, bitcoin price would likely rise as well since its supply is hard-capped at 21 million. According to Gresham’s Law, bad money would drive out good money, which in this case would be bitcoin that people would be incentivized to hold as a store value against a constantly depreciating currency like the US dollar. Yang Accepts Bitcoin Gresham’s law ruled colonial money as it rules all currencies. The law states: if two types of money are valued the same by law even though the market values of one is higher than the other ... Gresham’s Law We believe demand for digitally scarce assets - in particular Bitcoin and Litecoin - will increase dramatically as the US and others move to extraordinary monetary policies to ... In economics, there is Gresham’s Law which states that, “when you have two currencies, people tend to hoard the one with greater material value and spend the one with less material value. Considering this principle, if people have speculative expectations from Bitcoin and perceive it as an investment tool, they will hold on to it while increasingly using the US dollars to pay their bills ... the Gresham’s Law that makes less used the currencies whose value is tending to a revaluation, given that these currencies tend to be maintained as a store of value; the birth of substitutive cryptocurrencies which can reduce the use of bitcoin ; In order to make practical comparisons, a revaluation of BTC after the exhaustion of its production on the one hand increases the value of the ... Bitcoin, the crowning cryptocurrency of all the time is almost not being used by anybody, Bloomberg report claims recently. However, the depth of the sentence is gotten the attention of Blockstream’s CSO Samson Mow who appears to be a bitcoin adherent. He took twitter back-lashing Bloomberg’s write-up and states ‘so many things are wrong in this article about Bitcoin’. Bitcoin’s sideways price trend has already gone on for too long. The situation is now reminiscent of the months before November 2018, when an extended period of feeble dynamics turned into a collapse to the lowest level seen during the crypto winter. The post Report: Bitcoin Trading Has Fallen By Nearly 40% appeared first on Live Bitcoin News.
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