Satoshi Nakamoto stated:
Lost coins only make everyone else's coins worth slightly more.
Think of it as a donation to everyone." This highlights that lost Bitcoin reduces the circulating supply, potentially increasing the value of remaining coins.
If you dont like it, make sure you have a will in place
That's right. It's increasing because the number of Bitcoins in circulation is decreasing, and this is what makes Bitcoin an increasingly scarce asset. This doesn't just happen to people who die losing your wallet key or Bitcoin seed phrase is also irretrievable. That's why beginners are always encouraged to learn about wallet security before investing in Bitcoin as losing access to your Bitcoin wallet is the same as losing your assets. The assets remain in the blockchain but they can no longer be moved.
Yes, that's right. Creating a will is a viable option because no one knows how long we'll live so creating a will to someone you trust is a wise choice. This way if something happens to you your assets can still be recovered.
