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Scarcity can mean different things to different people. Bitcoin scarcity creates value

Originally published at: https://dailyfintech.com/2019/10/21/44566/

In economics, we have market equilibrium when supply equals demand. However, markets are not always in equilibrium. When supply is greater than demand, prices go down. When the opposite occurs, when demand is higher than supply, we have scarcity, which in turn leads to higher prices. Wikipedia states that scarcity is the limited availability of…