Well if I may say we can't properly identify lost coins from long-term holders because the system doesn't know if a person's seed phrase was lost or not. But still, based on my understanding every lost coin makes the rest more valuable because Bitcoin has a limited scarcity of 21 million coins. But then if the system can't identify lost coins, how do we know if lost coins make the rest more valuable?......
Then I suppose it turns out this way: bitcoin's price is greatly undervalued due to the unknown exact number of lost coins, and if this figure were known, then
BTC-community would be
horrified really appreciate how scarce this asset is by how little bitcoin remains in free access.
In general, value is subjective, variable, and dependent on current market demand. The value of a glass of water next to an artesian well and in the desert will be significantly different.
Basically theoretically holding long for about 10 to 15 years or more isn't bad because, as we all know Bitcoin is a store of value and those who have held longer can testify. Still does that mean even lost coins are considered long-term holdings and long-term holdings are considered lost coins?.....
Add to this another unknown variable: long-term assets that were stored for a long time were one day lost (loss of access to the wallet).
Let's consider this the greatest paradox of bitcoin, because how can we know what can't be calculated?
