What is Gresham’s law, and how does it relate to cryptocurrencies?
Gresham’s law suggests “bad money drives out good,” making people hoard cryptocurrencies using traditional currencies for daily transactions. Go to Source
Gresham’s Law
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Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar next year. Greenspan expects this to happen even if the Fed decides to pivot its restrictive monetary policy to lower rate hikes or … Read more
