I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?
Literally speaking that would be true but those bitcoins will never be lost. We are already in a millenium period and millennials are all around us. Millennials with never-ending knowledge in computers and internet. If i have complete conviction that my deceased relative had a huge bitcoin holding, a millennial correlative can surely hack his/her computer into possibly acquiring those password and wallet informations. In the end a big win for the whole family.