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> The world has never before experienced an asset with perfectly inelastic supply and exponentially growing demand. Fully agree, and a point that most folks wh
by ur-whale 3y ago
> The world has never before experienced an asset with perfectly inelastic supply and exponentially growing demand.
Fully agree, and a point that most folks who shout "no intrinsic value" on the rooftops, completely fail to understand.
Furthermore, no economic theories exists to this day (that I know of) that can get a handle on this kind of asset class and predict its future behavior and impact on society.