...
so we'll wrap in and translate inside.
Now the h2: "The Manhattan pitch" -> translate to "マンハッタンの提案" or "マンハッタンでの売り込み" but we need to keep the heading. Actually, the original has
The Manhattan pitch
so we translate the text.
Let's do each section.
The Manhattan pitch
-> マンハッタンの提案
or "マンハッタンの売り込み" but "pitch" here means the argument, so "提案" is fine.
Then paragraph: "Saylor's argument runs on simple scarcity math. Land looks scarce, but its supply is actually shaped by human hands — zoning codes, building permits, tax policy. Governments can choke off new supply or wave it through. Bitcoin doesn't work that way. No policy decision, no political intervention, can change the 21 million ceiling. That's the core of the comparison: one asset's scarcity is manufactured, the other's is absolute."
Translate: "Saylorの主張は単純な希少性の計算に基づく。土地は希少に見えるが、その供給は実際には人間の手によって形作られる。ゾーニング規制、建築許可、税制などだ。政府は新しい供給を妨げたり、承認したりできる。ビットコインはそうではない。政策決定や政治介入によって2100万の上限を変えることはできない。これが比較の核心だ。一方の資産の希少性は人工的であり、もう一方の希少性は絶対的である。"
But we need to keep it natural. "scarcity math" might be "希
