Six Million $Bitcoins Now Lost Forever? Why This Matters

According to the study, Over the years, millions of Bitcoin have been lost forever due to people forgetting or losing their keys, or possibly passing away without passing on their keys. With each passing year, this number grows and more BTC is lost. Now, this number is estimated to have crossed 6 million, which is quite bullish for the digital asset.

In a tweet, a manager at Cane Island Alternative Advisors, an investment advisory firm, revealed that the number of lost Bitcoins has crossed 6 million. Timothy Peterson shared this over the weekend where he explained that of the 19.3M #BTC that have been mined so far, there are only 13.3 million currently available. Going by Peterson’s numbers, over 31% of the current Bitcoin supply is lost dorever