Post
Topic
Board Bitcoin Discussion
Re: Why will Bitcoin have value?
by
Dunamisx
on 13/01/2023, 18:38:49 UTC
Scarce Resource
One of the main reasons for Bitcoin's value is that the supply of Bitcoin is limited.  21 million bitcoins will be supplied over 18 million bitcoins have already been mined.

I got your idea here but permit me to correct that bitcoin isn't scarce yet since not all the 21 millions bitcoin have been mined already, it's been limited in supply is different from being scarce to say, other assets like gold and the likes were scarce to get because they are centralized while bitcoin can be easily acquired anytime anywhere using p2p network, so we cannot conclude that it's a scarce asset since it does not select who should and shouldn't invest in it, the more reason behind why it's decentralized.