Obviously if there won't be any demand at all, it won't be Worth any money at all..
if its too expensive to trade. and has no merchant usage.. then its demand dies.
check out all the crap coins that cant buy a loaf of bread(random example) in the real world. but all have 21mill coin cap
scarcity is meaningless without utility/function.
emphasis check out all the crap coins with 21mill coincap
dont rely on scarcity as bitcoin saviour of value. otherwise your willing to say kill off utility/function because scarcity will push bitcoin up. reality is it wont. scarcity is meaningless without function/utility
scarcity is about supply.. function/utility drives demand. supply does not drive demand