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{
  "uri": "at://did:plc:u3o6qejoryiezdwepzbl4hqm/app.bsky.feed.post/3lohmaeyyys24",
  "cid": "bafyreidy46swuhzpf7uywpc7dmtd2ohbppfvobfoh6pdm7uy24eefyit2u",
  "value": {
    "text": "What's important here is that the \"only 21M BTC\" scarcity narrative is completely irrelevant wrt price. Scarcity only drives price if demand is relatively inelastic, like for oil. There is no floor on BTC demand. If people stop believing in the meme the price can eventually fall to 0.",
    "$type": "app.bsky.feed.post",
    "langs": [
      "en"
    ],
    "reply": {
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        "uri": "at://did:plc:pcqrtsjsezdtsaowiuuzzbmz/app.bsky.feed.post/3lohkyxtdos2w"
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      "parent": {
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        "uri": "at://did:plc:u3o6qejoryiezdwepzbl4hqm/app.bsky.feed.post/3lohlq36t7c2x"
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    },
    "createdAt": "2025-05-06T00:18:01.688Z"
  }
}