Gresham's Law in Bitcoin to the Max
World Crypto Network
Hilbrand Max explains Gresham's Law—bad money drives out good money—only operates when governments coerce acceptance of overvalued currency. It doesn't apply within Bitcoin, but does between fiat and Bitcoin: legal tender mandates artificially overvalue fiat while Bitcoin is comparatively undervalued, so users hoard satoshis and spend fiat. This pattern ends when users fully exit fiat.
https://relay.towardsliberty.com/358b86fe6d748f9010316f738bb41d01c41b36f65ae0c591c6b16d9b7123821d.mp4
World Crypto Network
Hilbrand Max explains Gresham's Law—bad money drives out good money—only operates when governments coerce acceptance of overvalued currency. It doesn't apply within Bitcoin, but does between fiat and Bitcoin: legal tender mandates artificially overvalue fiat while Bitcoin is comparatively undervalued, so users hoard satoshis and spend fiat. This pattern ends when users fully exit fiat.
https://relay.towardsliberty.com/358b86fe6d748f9010316f738bb41d01c41b36f65ae0c591c6b16d9b7123821d.mp4