Inelastic Demand

This word, inelastic demand, is why housing is a good investment. Because no matter the price, high or low, people need it. Price is irrelevant.

Food Housing And some debate Medical care

I would argue freedom has inelastic demand. Some people are willing to pay any price / risk of death crossing boarders to have a better life in another country.

American history, and all global history shows, that when people feel their movement or rights are restricted to the point they don’t feel free, wether they are correct or not, some are willing to risk, getting fired, jail time, others even death.

People’s ability to transact freely can be suppressed in so many different ways now, regardless of country or government, even private company or simply an abusive financially controlling relationship , the people who don’t feel free anymore, are willing to use Bitcoin. Their movement is not limited.

This is why people buy it at $0.01 , $1.00 , $10.00 $100.00 , $1,000.00 ect..

The price of Bitcoin is irrelevant. The volatility in the short term is the cost people are willing to pay, for borderless payment.

So if you ever wonder, why is Bitcoin above $10,000, $60,000 $200,000 , or $1,000,000 It’s because enough people feel their freedom in some way shape or form, is being restricted.

This is the ROOT of bitcoins INTRINSIC value. Not speculative investing. Although that is a factor of the price, as FOMO, combined with money under the Austrian school of economics does impact the price