What is the amount of Bitcoin that will never be recovered?

3 answers

• Dec 19, 2021 · 3 years ago
  Unrecoverable Bitcoin refers to the amount of Bitcoin that is permanently lost or inaccessible. This can happen due to various reasons such as lost private keys, forgotten passwords, or sending Bitcoin to addresses with no known owners. The exact amount of unrecoverable Bitcoin is difficult to determine, but estimates suggest that around 20% of the total Bitcoin supply may be lost forever. This loss of Bitcoin contributes to the scarcity and value of the remaining coins in circulation.
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• Dec 19, 2021 · 3 years ago
  Unrecoverable Bitcoin is like the digital equivalent of lost treasure. Just like how sunken ships and buried chests hold untold wealth that can never be recovered, there are Bitcoins out there that are forever out of reach. It's a sad reality, but it also adds to the intrigue and mystique of Bitcoin. So, while we can't put an exact number on the amount of unrecoverable Bitcoin, we can be sure that it's a significant portion of the total supply.
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• Dec 19, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the exact amount of unrecoverable Bitcoin is difficult to determine. However, it is estimated that a substantial portion of the total Bitcoin supply is permanently lost. This can be attributed to factors such as forgotten passwords, lost private keys, and unrecoverable hardware wallets. The unrecoverable Bitcoin adds to the scarcity and value of the remaining coins in circulation, making Bitcoin a finite and valuable digital asset.
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