I am happy that you figured this out by yourself, and if I am asked, I would say that the 21 million BTC total supply is even too much, the lower it is, the more the law of economics on demand and supply over the price would be enforced. The goal of the 21 million supply was to create scarcity, but till now, the effect has never been felt because you can easily get your Bitcoin today. I wonder where the price would have been if it were difficult to get Bitcoin and everyone held on to their Bitcoin.
That will naturally create more value!
The future scarcity is one of the reasons the price is being pushed.
People are aware that they are getting cheaper because unlike Fiat it can't be printed from
thin air.
I strongly disagree with you. There is a difference between scarcity (present or future) and a belief in an asset (value).
For now, Bitcoin is being purchased due to its value and promising future. If it comes to the turn of its scarcity, no one would tell you, it will naturally be known because it will be biting.
Don't you feel scarcity when it happens? It is as simple as that.