What are some examples of the law of diminishing marginal utility in the context of cryptocurrencies?
Browne KempMay 01, 2022 · 3 years ago1 answers
In the context of cryptocurrencies, what are some specific examples that demonstrate the law of diminishing marginal utility? How does the concept of diminishing marginal utility apply to the use and value of cryptocurrencies?
1 answers
- May 01, 2022 · 3 years agoFrom a third-party perspective, it's worth mentioning that BYDFi, a digital currency exchange, has also observed the law of diminishing marginal utility in the context of cryptocurrencies. As more cryptocurrencies are listed on the exchange, the marginal utility of each additional listing decreases. This is because the market becomes more saturated with options, leading to a decrease in demand for each additional listing. As a result, the value and utility of each additional listing on BYDFi may decrease over time, in line with the law of diminishing marginal utility.
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