How many bitcoins have been lost or destroyed?

3 answers

• PatJun 27, 2024 · a year ago
  As an expert in the field, I can tell you that it is difficult to provide an exact number of lost or destroyed bitcoins. However, it is estimated that around 4 million bitcoins have been lost or are inaccessible due to various reasons such as forgotten passwords, lost hardware wallets, or accidental deletion of private keys. This represents a significant portion of the total supply of bitcoins. It's important to note that these lost bitcoins are unlikely to ever be recovered, as the decentralized nature of cryptocurrencies makes it nearly impossible to retrieve them.
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• SUJAN S T CSEJul 24, 2024 · a year ago
  Well, let me break it down for you. The number of lost or destroyed bitcoins is quite substantial. It is estimated that over 20% of the total supply of bitcoins has been lost or rendered inaccessible. This can be attributed to a variety of reasons, including people forgetting their passwords, losing their hardware wallets, or simply misplacing their private keys. It's a harsh reality, but it's a reminder of the importance of securely storing your bitcoins and being cautious with your digital assets.
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• MD S UJO NDec 22, 2021 · 4 years ago
  According to a recent study, it is estimated that approximately 3-4 million bitcoins have been lost or destroyed. This accounts for around 15-20% of the total supply of bitcoins. These lost bitcoins are scattered across the blockchain, locked away in wallets that can no longer be accessed. It's a sad reality for those who have lost their bitcoins, but it also serves as a reminder of the need for proper security measures when dealing with cryptocurrencies. At BYDFi, we prioritize the security of our users' funds and provide various measures to ensure the safety of their digital assets.
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