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The periodic "halvings" embedded into Bitcoin's framework further enhance the concept of scarcity—it not only ensures the total supply remains finite, but it also introduces an increasing scarcity over time. As supply diminishes with each halving event, those holding Bitcoin experience a growing appreciation for its value, along with the ongoing realization that it will ultimately reach its absolute limit.
The Evolutionary Impact of Scarcity
The understanding of and response to scarcity is deeply rooted in human evolution, serving as a competitive advantage unique to early humans. As this appreciation for scarcity has been embedded in our DNA over thousands of years, Bitcoin stands to reawaken this intrinsic ability to value scarce resources.