the tiniest supply in the world doesn’t matter if there is no demand.

Bitcoin is currently valued $28 000 per coin, with 19M coins in circulation. There falls your "lack of demand" argument

Your response does not jive with the argument.

Because there are only 5, by your logic that makes them valuable… Scarcity doesn’t by itself make things valuable, people wanting them makes them valuable; the tiniest supply in the world doesn’t matter if there is no demand.

The claim was not made there to be NO demand for bitcoin. The claim was made in relation to the "just" scarcity argument. As always that is a question of market circumstances: demand and supply.

Too bad people buy fake paper gold instead then. There seems to be a demand for convenience too which you ignore. Fake paper gold devalues gold.

On top, the bitcoin value is manipulated the same way, Gold and silver is manipulated in terms of pricing. This was predicted when the question came around to allow for bitcoin futures and options.

There has been quite a lot written about USDT and the shenanigans going on with it. And basically, I could, with enough money, create artificial demand or supply depending on market circumstances, not to mention other creative strategies.

Technically, I am all for crypto, but then again, a totally different kind and I see the drawbacks of the current systems in terms of maintenance and access of most if not all current crypto-systems. That said, I think the current focus on crypto is a trap where we, the user, are the price (prison).

Also, no one is saying modern dollars are backed by gold

I see retards every day making that claim. Then they get mad when I tell them to withdraw their gold.

Correct. A better phrase would have been: I have not encountered someone claiming such and such, because, yeah, these retards indeed are there. That said: you can still buy Gold and silver with 1,5% (or less) leftover value of the original value of the Federal Reserve Note. It means, the bloody metal is dirt cheap.