Perhaps in this situation, the problem in the cryptocurrency market can be solved only by reducing the supply of Bitcoin, because only a deficit of cryptocurrency can raise the price quite actively. But only large Whales and speculators own such levers of control of the cryptocurrency market, but such a development of events is apparently not profitable for them.
The supply of bitcoin is as is. It can't be reduced unless you want to send them to addresses that are considered with private keys that are lost forever. And that's what we call, burning which is popular to altcoins. I don't understand the idea of reducing the supply of bitcoin knowing that we all knew it that it has a fixed supply of 21 million. There's no way for us to reduce it and it will continue to be mined as long as we're not reaching the number until last supply will be mined.