Ditsaphong Na SongkhlaNov 23, 2021 · 3 years ago6 answers How do substitutes in economics affect the value of digital currencies?
In economics, substitutes are goods or services that can be used in place of each other. How does the concept of substitutes impact the value of digital currencies? How do changes in the availability and popularity of substitutes affect the demand and price of digital currencies? What are some examples of substitutes for digital currencies and how do they influence the market? How do investors and traders consider the presence of substitutes when making decisions about digital currencies?