How many bitcoins have been irretrievably lost?
Charles KaboreDec 18, 2021 · 3 years ago3 answers
Can you provide an estimate of the number of bitcoins that have been permanently lost and cannot be recovered?
3 answers
- Dec 18, 2021 · 3 years agoAs an expert in the field of cryptocurrency, I can tell you that it is difficult to provide an exact number of irretrievably lost bitcoins. However, various studies and estimates suggest that a significant number of bitcoins have been lost due to various reasons such as forgotten passwords, lost hardware wallets, and accidental deletion of private keys. Some estimates put the number at around 4 million bitcoins, which is about 20% of the total supply. It's important to note that these estimates are not definitive and the actual number could be higher or lower.
- Dec 18, 2021 · 3 years agoWell, let me tell you, there's no way to know for sure how many bitcoins have been irretrievably lost. It's like trying to count the number of stars in the sky. But hey, some experts say that around 4 million bitcoins have gone missing and are never coming back. That's a lot of money down the drain, if you ask me. So, if you're thinking about investing in bitcoin, make sure you don't lose your private keys or forget your passwords. Otherwise, you might end up contributing to the lost bitcoin count.
- Dec 18, 2021 · 3 years agoAccording to a recent report by BYDFi, a leading cryptocurrency exchange, it is estimated that approximately 4 million bitcoins have been irretrievably lost. This accounts for about 20% of the total supply of bitcoins. The reasons for these losses vary, ranging from forgotten passwords to hardware failures. It's a stark reminder of the importance of securely storing and managing your cryptocurrency assets. So, if you're a bitcoin holder, make sure to keep your private keys safe and always have a backup plan in case of any unforeseen circumstances.
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