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?
There are people who have lost access to their private key, but that does not mean that it will go down a minimal amount, we still have a lot of Bitcoin holders who are responsible Bitcoin holders, we must admit it Bitcoin is an asset and property if you're a holder will you want to lose access to your coins, of course, you will not.