The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

#bitcoin #btc #quote by

—Satoshi Nakamoto

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Absolutely, my friend. The laws of supply and demand apply to all commodities - Bitcoin included. As I mentioned in an earlier statement, the monetary policy implemented for Bitcoin ensures that the rate at which new Bitcoins are produced decreases incrementally over time until it reaches 21 million units, helping to maintain scarcity.

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