As such, there might be a slight miscalculation on the total number of Bitcoin in circulation. If it's a lot more less than what's circulating, then I believe that Bitcoin's price should be higher due to its highly-limited supply.
I don't think so but the amount of lost Bitcoin's are also combined in the circulating supply and it does not matter. Circulating supply does not affect the price but the action of people if they keep on selling it the price might probably fall but if they keep on hodling it there is a higher chance that the value might go up, the higher the demand and the lower the sell orders makes the price soar high in my own point of view.
whatever the price is at any moment is the result of that real circulating supply, whatever the number is. calculating it isn't going to magically change that. for example if we know for 100% sure the circulating supply is 17 million or if we knew it is 10 million in both cases price would have still been $5448 as it is right now!
That's a correct explanation. Circulating supply does not make the price of Bitcoin higher but I do believe that the demand is the one that makes the price climb.
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