Originally posted on 07/20/2021:

The one thing that stands out to be about this crypto, especially BTC - is that apparently scarcity doesn't equal higher value.

All I see, read, hear about, is this country and that country cracking down on miners. Always an article about some huge mining farm getting shut-down by a government somewhere in the world.

Along with articles or people always stating that a majority(I think I've seen reports as high as 90%) of all bitcoins in existence are owned by like 1000 people.

And yet, the price has kept dropping since it's all time high.