The bitcoin supply is increasing, at high, but shrinking rates, however its purchasing power is still increasing despite that inflation. This suggests that dem

The bitcoin supply is increasing, at high, but shrinking rates, however its purchasing power is still increasing despite that inflation. This suggests that demand for bitcoin is exceeding the supply rate. If the demand continues, and the supply rate of bitcoin will be almost exhausted in a couple of decades, then the value of bitcoin will likely rise in response. This is of course, ignoring that volume of bitcoin in circulation is actually shrinking with time[1], because people are hodling rather than trading it. Evidence that Gresham's Law is playing out as usual. [1]: Age of bitcoin UTXOs is increasing over time. https://cdn-images-1.medium.com/max/1000/1*JopnHwBLMAOn-i2v4sHiHg.png https://cdn-images-1.medium.com/max/1000/1*JopnHwBLMAOn-i2v4...