đ Did You Know? Over 20% of All Bitcoin Is Lost Forever!
According to blockchain analytics firm Chainalysis, more than 20% of all Bitcoin ever mined is considered permanently lost.
Thatâs about 3.7 million BTCâworth hundreds of billions of dollars at todayâs market prices.
Most of these coins were lost because:
đ Owners forgot their private keys or lost access to their wallets
đ» Hard drives containing wallets were accidentally thrown away
đȘ Early adopters mined Bitcoin when it was almost worthless and never backed up their access
â°ïž Some Bitcoin holders passed away without leaving wallet information behind
This means that while Bitcoinâs total supply is capped at 21 million coins, the real circulating supply is much lowerâmaking Bitcoin even scarcer than it appears.
đĄ Fun fact: A British IT worker once famously lost a hard drive containing 7,500 BTC in a landfill. Heâs been trying for years to get permission to search for it.
Scarcity like this is one of the reasons why Bitcoin is often called âdigital gold.â
https://www.binance.com/activity/referral-entry/CPA?ref=CPA_00IWAUCT6F
