Here is the way to think about Bitcoin. There are 17 million Bitcoins outstanding, each costing about $8000. Are there 17 million people in the world who could afford 1 Bitcoin? That would hoover up all the supply and corner the market.
17 million minus mine, which are not for sale. Max 25% is freefloat. they will have to kill me to get my coins. Hodlers will die for the cause, we will never sell till we hit global reserve status. Then the nocoiners can buy a few satoshis if they have something i value.
Except - small oversight - there are infinite bitcoins, because it can be forked endlessly. After 9 years, the Bitcoin price would be $0, if they could be infinitely produced. Forked coins are alt coins
Supply and demand isn’t part of economics? There are lots of people who want to buy bitcoin so if there’s a lot of demand and bitcoin is scarce that means the price goes up