What portion of bitcoins are considered lost or inaccessible?

3 answers

• Dec 26, 2021 · 3 years ago
  A significant portion of bitcoins are considered lost or inaccessible. It is estimated that around 20% of all bitcoins are lost forever due to various reasons such as forgotten passwords, lost hardware wallets, or accidental deletion of private keys. These lost bitcoins are permanently locked in the blockchain and cannot be accessed or used by anyone. This scarcity adds to the value of the remaining bitcoins in circulation.
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• Dec 26, 2021 · 3 years ago
  When it comes to lost or inaccessible bitcoins, it's hard to determine an exact percentage. However, it is widely believed that a substantial number of bitcoins have been lost over the years. This can be attributed to factors like people losing access to their wallets, forgetting passwords, or even passing away without leaving behind the necessary information to access their bitcoin holdings. These lost bitcoins contribute to the overall scarcity of the cryptocurrency and can have an impact on its price.
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• Dec 26, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, it is estimated that approximately 4 million bitcoins, which is around 20% of the total supply, are considered lost or inaccessible. This includes bitcoins that have been sent to addresses with no known private key or bitcoins that have been locked in wallets whose owners have lost access. These lost bitcoins are a result of human error, technological limitations, and other unforeseen circumstances. It's important to note that this estimation is based on available data and may not be entirely accurate.
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