Woo responded to an X post by Matteo Pellegrini, CEO of the Bitcoin-focused social networking app Club Orange, arguing that Bitcoin is not scarce but finite. Woo said that scarcity is defined by a ...
Economics is the study of how we use our limited resources (time, money, etc.) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...
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Bitcoin fulfills scarcity definition of 'limited supply relative to demand,' says crypto analyst
Cryptocurrency analyst Willy Woo defended Bitcoin’s (CRYPTO:BTC) scarcity thesis on Wednesday, arguing that its price appreciation over the years is a testament to its demand. ‘Limited Supply Relative ...
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