If in the world there are about 8 million people, each of whom will accumulate 2.625 Bitcoins in a cold wallet and never sell them,
There is something you may be missing that you don't know. If you form an army like you have explained to be a number of 8 millions holding at least 2.6 Bitcoin each without anyone selling, do you think the market will evr move? If everyone of us decided not to sell there Bitcoin holdings and waiting to sell in the future or when everyone agreed to sell, do you think the market will every move?
the OP has spent pages ignoring his own math and his own scenario many times, thus doesnt see where his own scenario doesnt play out
so lets remind him again of HIS scenario
If in the world there are about 8 million people, each of whom will accumulate 2.625 Bitcoins in a cold wallet and never sell them,
knowin there is only 19.44m coins currently.
the most 8 million people can equally own is not 2.625. but 2.43btc
if we were to go with his math his 8m* 2.625 never selling is ALL CURRENT PLUS FUTURE POSSIBLE COINS never selling.
locking up all 21m means locking up ALL coins from now until the year 2140 when the network finally produces the 21m
th coin he thinks should be locked up too. meaning for 117years no new coins are minted are sold and all current circulated coins are locked too while the network waits to lock all.
meaning no market for the next 117 year