∞ / (21M - L) is how to accurately measure Bitcoin.

There’s a fundamental misunderstanding of its supply. It’s not a limited supply of 21M, it’s a declining supply from 21M.

No more than 21M will ever be made, but that means the coins that are lost (L) forever, are never replaced.

This means Bitcoin isn’t deflationary, it’s hyper-deflationary. Everything doesn’t get cheaper measured against Bitcoin, everything gets much cheaper.

∞ / (21M - L)