Greshams law basically states "bad money drives out good". Meaning when two types of currency/money are used in circulation together the bad money is naturally spent first and the good money is kept/saved/hoarded.
This is a natural phenomenon that has been happening again and again throughout history. From gold coins vs copper coins in ancient Rome, to the pre 1960s silver penny vs the post 1960s nickel plated penny.
There is nothing wrong with wanting to spend fiat and hoard bitcoin until fiat is no longer in circulation. This is a very natural phenomenon that cannot be avoided. Especially now with banks and countries around the world restricting crypto purchases on a massive scale by way of blockading exchanges or outright banning it. You cannot expect people to spend their crypto in the hopes they can buy it back.
Bitcoin, no matter how good it is at making payments will still continue to be hoarded until fiat is no longer in circulation. Gresham's law in action.
This is where the store of value properties of bitcoin will be derived from.
Just something to ponder..
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