#66 Jesse Myers | Understanding Bitcoin Bubbles and Enduring Bear Market Struggles
Money Minded
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Bitcoin Is the One-in-a-Season Invention of Digital Scarcity
Bitcoin has this unique property that no other financial asset has of increasing scarcity. Four years from now there will be less Bitcoin being made every day than there is today. It's as if a painter is not fully dying but going to reduce their production by 50% guaranteed and that's going to happen at 25 times over the next century. The only analog that I can think of for how that works in another example in the world is when a famous painter dies suddenly and what happens to the value of that body of work shoots up.
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