We've got Michael Saylor hoarding
We've got millions of people losing their keys
We've got guys like John McAfee dying, maybe with thousands of coins locked up forever
How does this not end up where a very small group of whales own the majority of coins and the rest own a miniscule amount of sats, and/or progressively more and more get lost throughout time?
Bitcoin is 12 years old and some say 6 million coins are lost at a guess.. The fact they are gone forever, to me suggests that this cannot be 'the future of money', as more and more will continue to be lost each year.
1.Micheal Saylor is hoarding less than 1% of all Bitcoins.
2.I don't believe that "millions of people" are losing their private keys.You are exaggerating way too much.
3.John McAfee dumped Bitcoin not long ago.I don't think that he owns lots of Bitcoins.
I get your point,but there will always be people,who are willing to sell their BTC.Even the crypto whales and the hardcore HODLers will sell their BTC at some point.