Neither the dollar nor crypto have any commodity value, so I’m not sure Gresham’s applies here. I’d tie this closer to fictitious capital and the scramble over the rate of profit declining.
I’d also hope that retirement funds were managed to chase consistent if low returns over aggressive growth assets with high volatility like crypto, but who knows what finance bros are smoking/snorting these days.
Neither the dollar nor crypto have any commodity value, so I’m not sure Gresham’s applies here. I’d tie this closer to fictitious capital and the scramble over the rate of profit declining.
I’d also hope that retirement funds were managed to chase consistent if low returns over aggressive growth assets with high volatility like crypto, but who knows what finance bros are smoking/snorting these days.