The TikTok app is one of my most used apps on my phone because I get a lot of entertainment and inspiration from there. On this day, I was watching a TikTok video and I came across a TikTok video about a guy who travelled to Paris because of the hype about Paris but was a little bit disappointed on how so basic Paris was. Paris is seen as a hyped location to be, but remember that people live in Paris and to them, Paris is just another place to live, nothing exciting about it. To a French person who lives in Paris, he wakes up in the morning, do his usual routine, pass the Eiffel Tower and goes to his place of work like a regular person would. But to someone like me in Africa, Paris sounds like luxury, because the Eiffel Tower has been made to be a tourist center and people love going there.
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Imagine 10 or more countries having the Eiffel Tower, exactly the same Eiffel Tower found in 10 or more country, do you think people will see the Eiffel Tower as a status of value or a place worth visiting, there will be no need traveling to get Paris to see the Eiffel Tower when I have other options, and seeing the Eiffel Tower can also be a one time experience for me, I don’t have to go see it every year. But since there is only one in Paris, it’s valued.
This pretty much gives us a clearer picture of what supply and demand have in common, the more access people have towards you, the less they value, but the less access people have, the more they value you. In crypto, we see it in limited token or coin supply, less access more possible value.