Hi together,
I am new here, but I read a lot in this forum, and I think, the most important question regarding the price ist: how many bitcoins are out there?
Do you think, there was a large amount been lost?
Do you know, who has maybe one million Bitcoins? Do you think anyone has?
And how would you react, if you had? It must be terrible. You couldn't sell too much, because it would destroy the price. So you had to sell it in pakets, and every bigger paket, say, some thousand BTC, would smallen the price of the next, if no miracle would happen.
Yes there are many bitcoin millionaires. Yes, a large amount of bitcoins has been lost from forgot passwords, sent to wrong address, etc. This only makes Bitcoins more valuable, however.
I highly doubt any one person owns 1 million bitcoins... That would be over 10% of bitcoins in existence.