bitcoins price is not dependant on the scarcity of bitcoin or the rarity or the network supply(coin in circulation)
bitcoins market price has nothing to do with coins hoarded on independent private keys.. but purely on the coins inside a market/exchange
there is more impact on the price based on the amount of coin offered WITHIN THE MARKET.. not the network.
EG
if a buyer only has $400 in 2013 but a seller is offering 1btc. then bitcoin is worth $400/btc in 2013. where the circulating supply of the network is only 12mill coins..
if a buyer only has $400 in 2022 but a seller is offering 0.02btc. then bitcoin is worth $20k/btc in 2022. where the circulating supply of the network is 19mill coins..
as you can see there is more coins in circulation in 2022 than in 2013 (19m vs 12m respectively) yet the price is not reflecting the amount of coins in the network
..
the other thing is scarcity is about how common/available/able to get from nearby peoples/services something is
nearly everyone has a bit of gold in their possession.. dental fillings, device circuitry, jewellery. yet less than 10% of the world has btc
there might be
244,000 tonnes of gold = 244m kg = 244billion grams of gold to share
there might be 21m btc = 2.1quadrillion sats to share.
2,100,000,000,000,000 sat units
vs
244,000,000,000 gold units
yet gold is more available in everyones home, its more common and reachable, thus less rare/scarce
bitcoin is not in everyones possession thus is less common thus more scarce, even though there are more available shareable units
I cannot comprehend some calculations of very detailed prices nor value but there’s one thing I am sure of and it is always scary if you have a lot to lose someday. Taking big step is always a courageous act that’s why we should invest of what are feeling that gives us comfort and security. If you want a physical investment that can be used anytime, I’d go for gold because it is very convenient because of its always appraising price. But if we are going to talk about bitcoin, it is an investment where you will need some extra cautions and positive thinking because investing in crypto world takes a lot of time before you’ll cherish every moment.