There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.