Bitcoin Price Driven by Supply Dynamics, Not Demand

Cory, an unnamed Bitcoin enthusiast, questioned the fundamental assumption that demand drives the price of Bitcoin. He argued that this perspective overlooks the fact that Bitcoin's supply is technically infinite due to recycled coins.

This 'infinite' supply leads to a counterintuitive idea: the price of Bitcoin can be seen as akin to the surface area of a limited volume, similar to how our universe may expand infinitely from a finite number of atoms.

Cory used an analogy with the physical laws governing our universe, suggesting that we should not view ourselves and Bitcoin as separate entities. Instead, we should consider price as a natural consequence of a limited supply interacting with an infinite surface area for price, hashrate, and adoption.