To an extent, the price takes into account missing coins / lost keys. Not perfectly, because who knows if a wallet that has been dormant for 10 years is lost or hodl?
Saylor said recently that he planned to have his keys destroyed on his death, as his gift to every other coin holder by increasing the value of their coins proportionately.
The "price" does but the "market cap" does not as it is calculated by multiplying the price by the supply. It cannot exclude those "lost" coins, as you say we can't know exactly which are truly lost, but it is clear there is a significant number out there.
To an extent, the price takes into account missing coins / lost keys. Not perfectly, because who knows if a wallet that has been dormant for 10 years is lost or hodl?
Saylor said recently that he planned to have his keys destroyed on his death, as his gift to every other coin holder by increasing the value of their coins proportionately.