Well, this is one of those reasons why Bitcoin keep coming back because there are countless of bitcoins around there are getting waste, being sent to wrong to adressess, forgotten keys and many more that acted like it’s being “burned” or burned supply. Actually we can consider that the holdings of Satoshi is also a burn supply and that makes the foundation more strong and stable.
Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.
The problem is how can we bring an end to all these?
If people are losing Bitcoin due so many reasons, it will reduce the Bitcoin in circulation and increased the price since the demand from new people will be very high, but is it normal to keep losing Bitcoin like this?
I think we need to start trusting our loved once with our private keys and seed phrases because of you only have access to them and you are no more, then your Bitcoin will be there, none of your family member can access your Bitcoin if they don’t have your seed phrase.
Likewise we also need to put more efforts in given awareness to people on how to manage their Bitcoin and how to do transactions because expect people in this forum, so many people don’t have good knowledge on how to send Bitcoin properly and people are losing Bitcoin in that manner.
Not normal but this isn’t a bad thing also. No one wants their bitcoins lost because it’s obviously a waste of money, but still those are supplies that can be the rock solid in the bottom. It’s not required to have specifically 1 BTC, since many are being lost, price will increase, buying 1 BTC at 120k now and in 0.5 BTC at 120k in the future is no difference, bitcoin just increased its price. It’s a bad thing to lose keys and not managing bitcoins very well but for long term hodl, it’s good thing since no one can really shake the market.