it's artificial scarcity, only if people believe in that notion of scarcity and can get others to believe in in it too. This continues until people start to th

it's artificial scarcity, only if people believe in that notion of scarcity and can get others to believe in in it too. This continues until people start to think that it can't go up forever and people sell their holdings, some sooner than others. Thus goes the hype cycle of such things. By contrast, holdings connected to the real economy are easier to reason about, as there is evidence all around as to how well things are doing.