No, it has a static supply of 21M BTC. It's irrelevant whether these have been issued or not.
I understand your point -- that the bitcoins already exist, but they just haven't been released yet. However, you can't value them fully because they are not actually part of the money supply. On the other hand, they do have a present value which is greater than 0.
Well I disagree that we're currently inflationary (or have ever been) and therefore I think it has no impact on
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