QuotableSatoshi on Nostr: When someone tries to buy all the world's supply of a scarce asset, the more they buy ...
When someone tries to buy all the world's supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It's great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell.
Published at
2024-02-13 12:21:02Event JSON
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