There is general misconception, esp. in the BTC community, that scarcity is a guarantee for appreciating price. It's not. It is only a guarantee for a baseline for the value of the network (which can change).
Scarcity guarantees nothing. There are many tokens and other things that are scarce and still nobody wants them.
Especially when fees on BTC are increasing at the same rate as the artificial scarcity, with absolutely nothing being done about it
All while the community demonizes miners and their
manufacturers, and dissuades anyone else from getting into mining, only ensuring that the same few entities continue to concentrate new supply
That and having a viable product helps.
