I have always wanted to ask this question, how many people people have lost their private key in the world today, or some die or cannot remember it. God knows in total how many were lost in the year 2017/2018/2020/2021and all . Details of this may be useful as a reference to. Does it really mean that the Bitcoin are now lost or use less?
Lost private keys = lost bitcoins = a minus to the supply or amount bitcoins in circulation. If Bitcoin supply is less than its demand the price of could go up. Satoshi once said:
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.That 👆 always makes me uncomfortable.
I actually hope it's possible to recover lost coins in the future with something like biometric. A very decentralized and secure biometric system tied to owner's coins should do.