# scarcity — 8 quotes
Air Jordans are never on sale. Scarcity creates value. I learned that from Nike and it applies to everything.
Fifth Avenue storefronts are irreplaceable. There are only so many of them. That's the definition of scarcity.
Never discount. Never mass-produce. Never chase volume. Luxury is scarcity. The moment you forget that, the brand dies.
Bitcoin's price is driven by scarcity. The Stock-to-Flow model captures this relationship with an R-squared of 0.95.
Gold has a stock-to-flow ratio of 62. Bitcoin's will eventually exceed 100. The math says that matters.
Sports teams are the last truly scarce asset class. They don't make more NBA franchises.
Cryptoassets, like gold, are often constructed to be scarce in their supply. Many will be even more scarce than gold and other precious metals.
Bitcoin provides for a maximum of 21 million units by 2140, and it gets there by cutting the rate of supply inflation every four years.