If you ask a Bitcoiner why Bitcoin has value, they almost always lean on the claim that its supply is fixed. Firstly, It is not fixed. The supply can technically be changed if the network’s participants agree to it, and most of the node infrastructure is centralized and operated by a relatively small group. That makes a future supply adjustment entirely plausible, and it will be rationalized when the incentives line up, just like other changes to the code were. And even if the supply were set in stone, scarcity alone means nothing without actual demand. I could declare that only 0.00000000001% of the global population is allowed to own my pair of unwashed Christmas socks my grandma made me one year. That does not magically make them worth $10,000,000 each. Scarcity without genuine utility or real-world demand is just a gimmick dressed up as economics. This should be common sense…(Jacob King)