Spend your Bitcoin, don’t just hoard it

Hoarding Bitcoin kills adoption. Real monetary revolution requires spending it like money, not treating it as digital gold to never touch.

Opinion by: Carel van Wyk, CEO of MoneyBadger 

“Hodl” is the rallying cry for many in the typical Bitcoin community because they believe they should spend “bad money” (fiat) and hoard “good money” (Bitcoin) as it may appreciate in value. But they misunderstand Gresham’s Law, which says, “Bad money drives out good,” because today, there is no reason to have bad money at all.

There is a fundamental problem with the hodl approach, particularly in countries where the local fiat is under siege, like South Africa.

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