lol. that old 'scarcity' chestnut
gotta make me laugh
1. the bitcoin 'market cap' is not a dataset of combined bank balances of all exchanges hoarding fiat to back bitcoins price.
the bitcoin market cap number itself is a flawed number. firstly its just taking the bitcoin price and multiplying it by coins in circulation.. flawed why.. because it should be called the bitcoin circulation value cap. and also it has nothing to do with how many coins are in exchanges OF THE MARKET
there are only 1.2m coins in exchanges, not 18m
look at the gold sites they total ~$3trn on gold market caps. not $7trn of 'above ground gold' cap
because ~50% of gold is on markets and 50% is used in jewelery and electronics
in 2013 it was estimated that the MARKET supply of coins of mtgox/bitstamp/BTC-e at the time totalled more supply then, than now. thus there is more demand now due to less supply on the actual markets that make up the actual price.
2. the scarcity' impact you are thinking of is not about the coins mined vs price. as explained(1) but instead the COST of mining 1coin vs price
3. but here is the real funny. the medium article:
People ask me where all the money needed for $1trn bitcoin market value would come from? My answer: silver, gold, countries with negative interest rate (Europe, Japan, US soon), countries with predatory governments (Venezuela, China, Iran, Turkey etc), billionaires and millionaires hedging against quantitative easing (QE), and institutional investors discovering the best performing asset of last 10 yrs.
truly funny how you actually think there is $1trn sat in bank accounts locked away to back up bitcoins price
its time you had another look at bitcoin fundamentals and not work backwards next time.
EG try not to be thinking the bitcoin price is bank account balance divide by coins.
and instead think. price of btc multiplied by market hoard
yep try market hoard(~1.2m currently) not coin circulation(~18m currently)
i say this because if you went to a gold investor showing math of 'market' data but based on the 190k tonne above ground. they'd get a red pen out and grade your work
(F)then laugh again when they see the charts with a 'step/gap' and not a curve of periodical lessening incline