Bitcoin Valuable Because Of It's Limited Availability? No. By Gregory Mannarino
You hear a lot from Bitcoin holders that what gives Bitcoin it's value is it's "limited availability," 21 Million to be exact.
Well with this logic, any company with a limited amount of public shares should then reach stratospheric price valuations. Right? Well in reality it does not work that way, and this kind of thinking does not consider even a basic factor like competition from competing products for example.
In the case of Bitcoin or even a company, the price action is dependent on much more than it's "limited supply."
Gregory Mannarino, "The Robin Hood Of wall Street."
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