NickGiambruno on Nostr: Bitcoin is the only commodity where higher prices cannot induce more production and ...
Bitcoin is the only commodity where higher prices cannot induce more production and supply, eventually lowering prices.
A supply response is not an option.
That means the only way Bitcoin can respond to an increase in demand is for the price to go up.
Published at
2023-03-07 11:00:15Event JSON
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"content": "Bitcoin is the only commodity where higher prices cannot induce more production and supply, eventually lowering prices.\n\nA supply response is not an option. \n\nThat means the only way Bitcoin can respond to an increase in demand is for the price to go up. ",
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