Theoretically it would, because there are now fewer of them and the potential for them to circulate in future has been eliminated.
In practice, if someone died and their keys were lost, how would the market even know?
Think of it the other way round. If it was suddenly announced that there were going to be 42m bitcoins made, what would happen to the price?
Depends whether they are going to be made and held, or made and released, which was part of my point!
whether they are going to be made and held
what does this mean?
holding a share (or a coin) does not reduce the number of shares (or coins) in circulation. cancelling a share (or coin) does.
@andyfallsoff started
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Theoretically it would, because there are now fewer of them and the potential for them to circulate in future has been eliminated.
In practice, if someone died and their keys were lost, how would the market even know?
Think of it the other way round. If it was suddenly announced that there were going to be 42m bitcoins made, what would happen to the price?