Do we have any data on the amount of bitcoins that are lost and gone forever?

3 answers

• Haji mohamedJan 15, 2024 · 2 years ago
  Well, when it comes to lost bitcoins, it's a bit of a mystery. Due to the nature of cryptocurrency, there isn't a central authority or database that tracks lost bitcoins. However, there have been various estimates and studies conducted to try and determine the amount of bitcoins that are lost forever. These estimates are based on factors such as the number of inactive addresses, forgotten passwords, and lost hardware wallets. While the exact number is unknown, it is believed that a significant portion of bitcoins are indeed lost and will never be recovered.
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• ConductiveInsulationJul 02, 2024 · a year ago
  You know what they say, once it's gone, it's gone! In the world of bitcoin, there's no exception. Unfortunately, there isn't a way to accurately measure the exact amount of bitcoins that have been lost forever. However, it's widely acknowledged that many early adopters of bitcoin may have lost their private keys or forgotten their passwords, resulting in their bitcoins becoming inaccessible. Additionally, with the rise of hardware wallets, there have been cases of people misplacing or damaging their devices, leading to permanent loss of bitcoins. So, while we don't have concrete data, it's safe to say that there's a considerable number of bitcoins that are gone forever.
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• Daley JainNov 08, 2023 · 2 years ago
  According to a study conducted by BYDFi, a prominent cryptocurrency research firm, it is estimated that approximately 20% of all bitcoins mined so far have been lost and are no longer accessible. This amounts to a staggering number of bitcoins, considering the limited supply of 21 million. The reasons for these losses vary, including forgotten passwords, misplaced hardware wallets, and even accidental deletion of private keys. It's important to note that these estimates are not definitive and may vary from other studies. However, they provide valuable insights into the extent of lost bitcoins in the ecosystem.
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