If some people has lots of bitcoin in their offline wallets and they die or lose memory.
Then those coins will be out of circulation right? Or is there any way to recover them?
If these happens our bitcoin will going to be lost forever that its why we need to keep records of our private keys and passwords in very trusted place , then we need to also to inform our very trusted persons like our parents and wife so that in case of emergencies we still could retrieve our bitcoins for emergency use or for recovery of the wealth.