05/10/2024
has a limited supply — only 21 million will ever be mined — which means that it is a asset. That means that as demand for bitcoin grows, the value of the that make up bitcoin (like pennies to a dollar) go higher because the supply has a fixed ceiling.
So, for example, if the world ran out of oil and we could no longer produce gasoline for cars, the value of electric cars would increase as demand for those vehicles increased. This would especially be true if, like bitcoin, no more electric cars were being made past a certain fixed supply. 🚗
02/19/2024
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