Bitcoin Fulfills Scarcity Definition Of ‘Limited Supply Relative To Demand,’ Says Crypto Analyst
Posted On November 28, 2025
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 To Demand’
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 “limited supply relative to demand,” a condition Bitcoin fulfills.
“You can gauge it by price appreciation from 0.01 cents to $100,000 over 16 years. It became scarce along this journey because of demand,” Woo emphasized.
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