Now this is till unconfirmed therefore we cannot just take this news and move forth. At the same time the article uses *CLAIMED* therefore the fact that he did have 1 million bitcoins is not something that is proven. I do think that even if he have died and no one knows where his bitcoins is, it would be more like *long term holding* until his family finds them and decides to sell.
First of all, I agree. There is no evidence for any of this and even if 1 million worth ob BTC was to be lost it would still not account much for the market moves as it is still BTC out in circulation, maybe no longer accessible.
The scarcity of BTC does not change. The only difference is that it might be lost and if it is it won't affect the market. So the news is completely market irrelevant.