Oh boy. The fixed supply is 21 million (denominator). The current issuance is 19.4 million (numerator). Between the first and second paragraph you flip them. You trying to confuse people on purpose?
Discussion
At what rate does the circulating supply increase? Your last statement is just nonsense. No need to attack my character :)
The total supply (denominator) is fixed, non inflationary at 21 million. As I mentioned earlier, you are confusing concepts. Are you also subtracting HODLing from circulating supply? Over what time? What about exchanging Bitcoin for fiat for USD vs for goods and services. Nevertheless, all of these, should it be Fees, Mining rewards held back, liquidity, time, velocity etc are all in the numerator. The total supply (denominator) is programmatically fixed at 21 million. Only if we increase total supply do we have inflation.