FiorellaSierraBerrocalDec 28, 2021 · 3 years ago8 answers How do inferior goods affect the demand for digital currencies?
Inferior goods are typically associated with a decrease in demand as consumers tend to switch to higher quality alternatives when their income increases. However, in the context of digital currencies, how do inferior goods impact the demand for cryptocurrencies? How does the availability of inferior digital currencies affect the overall demand for established cryptocurrencies like Bitcoin and Ethereum? Are there any specific factors that influence the demand for inferior digital currencies?