When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
The more people lose Bitcoins or the more the number of lost Bitcoins increase, then the more the price of Bitcoin will increase and it will become even more costly. The price is something that is being determined by the rate of supply and that of demand. But I dont think it will be easy to tell when Bitcoins are lost🤔 that will be a really hard job for the computer.