I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine?
Yes, Bitcoin will most likely survive and continue to exist as long as we can imagine because Satoshi designed it to be durable. The reason I am so confident Bitcoin will continue to exist is not because of its price, but because of its network. As long as there is internet, electricity and at least 1 node running, Bitcoin will remain alive because its code is open source, no one can shut it down. Banks and companies may go bankrupt, but the Bitcoin Protocol has been running since 2009 without a single second of downtime
Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?
Aren't there already many incidents of lost private keys, say 3 to 4 million Bitcoins have been lost forever, for example, like Satoshi's coins (I include them here because since he disappeared, he has never appeared again until now), which are stored on hard drives that have been thrown away or lost and people who have died but did not pass on the seed phrase to the next generation. Automatically, the total supply will decrease. Bitcoin will become increasingly scarce, shrinking from 21 million units to 17 million, or perhaps even 15 million, or even fewer. The effect of scarcity is that the value of Bitcoin will continue to increase, the network will continue to run normally, lost coins will continue to freeze in the wallet without anyone being able to move them, cannot be hacked and cannot be reprinted.
What of when nearly all are lost?
Let's say an extreme scenario occurs, 20 million Bitcoins are lost and only 1 million Bitcoins are left active, then what will happen is that 1 Satoshi (the smallest fraction of Bitcoin) will become very valuable, it will be more than enough for a global medium of exchange. The miner's computer system continues to run and secure transactions as long as there are remaining coins or transaction fees paid.
If you die today, will your coins be lost?
This is the biggest task for all Bitcoin holders, if you don't prepare an inheritance for your heirs, then your Bitcoin will go with you. This is clearly a major challenge for all Bitcoin holders, as no one knows when death will come. Therefore, we must immediately consider how to ensure that the Bitcoins we have accumulated so far do not die with their owners.