Irrespective of rank I believe am still learning in gradual steps about bitcoin and therefore have this question to ask, it would be of good consequence for me if am well enlightened on this particular subject about bitcoin. So just in case, someone I might want to talk to about bitcoin for the very first time happens to ask me I can comfortably address it too.
Question:
I have read few posts of persons talking about losing their wallet's containing BTC and couldn't recover it at all. Hence, as people keep losing their BTC due to loss of wallet seed phrase, can it affect or cause a decline in BTC supply entirely?
It wouldnt be able to affect the overall supply which is 21M which it would really be that fixed no matter how many coins arent in circulation or totally lost in void. Usually prices or value do goes down whenever there's a huge sell on an exchange which we know that it would really be having that harmoniuous effect on every exchange that we do have in the market which would really be dictating out the value.
Therefore, we shouldnt really be having that kind of belief that if ever coins are lost because of lost keys or being hacked or scammed then overall supply
would really be just the same and its fixed.Just like the rest been saying that circulating supply would be affected though.