How much bitcoin is lost or inaccessible?

3 answers

• Dec 26, 2021 · 3 years ago
  The exact amount of bitcoin that is lost or inaccessible is difficult to determine. However, it is estimated that around 20% of the total supply of bitcoin is currently lost or inaccessible. This can be due to various reasons such as forgotten passwords, lost hardware wallets, or even the death of the bitcoin owner without leaving behind the necessary information to access their bitcoin holdings. It is important to note that once bitcoin is lost or inaccessible, it cannot be recovered, and the supply of bitcoin becomes permanently reduced.
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• Dec 26, 2021 · 3 years ago
  Losing bitcoin or making it inaccessible can be a frustrating experience. It is estimated that millions of bitcoins have been lost over the years. This can happen due to human error, technical issues, or even theft. It is crucial to take proper security measures to protect your bitcoin and ensure that you have backups of your private keys or recovery phrases. Additionally, it is recommended to use reputable and secure cryptocurrency wallets to minimize the risk of losing or making your bitcoin inaccessible.
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• Dec 26, 2021 · 3 years ago
  According to a recent study, it is estimated that approximately 3.79 million bitcoins are lost or inaccessible. This accounts for around 20% of the total bitcoin supply. These lost bitcoins are spread across various wallets and addresses, and it is unlikely that they will ever be recovered. This highlights the importance of proper security practices and backup measures to prevent the loss or inaccessibility of your bitcoin holdings. At BYDFi, we prioritize the security of our users' funds and provide robust security measures to minimize the risk of loss or theft.
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