I think you conflated value and price. Increased supply of anything lowers it's price not it's value. For example, oxygen is extremely valuable, can't live with

I think you conflated value and price. Increased supply of anything lowers it's price not it's value. For example, oxygen is extremely valuable, can't live without it, but it is also very abundant. Therefore, its price is $0 almost everywhere. When you go to a ski resort, where the air is much thinner, there then becomes a market for oxygen and the price goes up[0]. The price changed with supply, not the value. [0] https://www.oxygenplus.com/blogs/articles/why-oxygen-plus-is-the-must-have-ski-and-snowboarding-accessory https://www.oxygenplus.com/blogs/articles/why-oxygen-plus-is...