Gresham’s law describes that “bad currency drives out good currency”. For example, in late 19th century,...

Gresham’s law describes that “bad currency drives out good currency”. For example, in late 19th century, the value of gold became increasingly cheaper in terms of silver. Gold became the bad currency and eventually drives out silver out of the international payment system. Please apply the Gresham’s law to the issue of bitcoin and forecast whether bitcoin will replace US dollars or other major currencies. Make sure to use fact to support your statement.

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Rahul Sunny answered 1 year ago

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