Quote from: teosanru on March 18, 2022, 04:05:49 PM

Quote from: BenjaminGlover on March 18, 2022, 09:59:25 AM

Individuals should completely disabuse themselves of the notion that there will ever be 21 million Bitcoins

That's right, because demand can rebuild bitcoin prices to move up.
Because even though there are many supplies that hold bitcoin, if there is no new explosion, it's useless because there is no increase and new price movement.

Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.
Wallets that have been locked are inaccessible. And who knows what will become of Satoshi's incarceration. This number will steadily drop as adoption expands, as additional people with bad discipline, a lack of responsibility, or an inability to pay attention will also lose their coins. Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.

What do you think?

Everyone knows the supply constraint but the question that everyone has is that whether there is a demand explosion which could probably happen in the near future? Because eventually pricing will be decided based on the demand explosion and not only the supply constraint, moreover one should not forget that utility of Bitcoin is derived from using it as a currency so if you aren't using it as a currency and just hodling it what good is bitcoin in that case??