It's one example of price controls in supply and demand dynamics, which are very much real. What I gave was merely a hypothesis because it's not really an example of Gresham's Law except that dollars are overvalued compared to basically all other goods, so all other goods are gonna be hoarded in as much as the people who understand money will use them as money. But Gresham's Law is certainly true.

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I will see your Gresham’s Law and raise you a Thiers’ Law. 😂 My point is, these are just made up “laws” that don’t actually control anything. At best they try to describe behavior, but they aren’t actually laws at all. Do what you want with your money. You can just ignore Gresham and Thier.
They are true descriptions. But human action changes the game. That's how economics always works. You don't have to talk to me like I'm an unthinking redditor. Economic laws govern everything, and yet individuals govern what economic laws will apply to them at any moment. Notice that I didn't say EVERYONE will or should hoard ALL their bitcoin. I merely implied it's a natural tendency, it tends to often be the rational thing to do in current conditions for a lot of people.