How does the law of diminishing marginal utility apply to the demand for digital currencies?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we believe that the law of diminishing marginal utility does apply to the demand for digital currencies. As more and more digital currencies are introduced and the market becomes saturated, the marginal utility that individuals derive from each additional digital currency decreases. This is why it's important for digital currencies to differentiate themselves and offer unique value propositions to attract and retain users. While the overall demand for digital currencies may continue to grow, the rate of growth may slow down as the law of diminishing marginal utility takes effect. It's crucial for digital currency projects to constantly innovate and adapt to stay ahead in this competitive market.
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