Are there any statistics on the total number of bitcoins lost forever?

3 answers

• tonydude21Oct 06, 2021 · 4 years ago
  Unfortunately, there is no official source or centralized database that provides accurate statistics on the total number of bitcoins lost forever. Since bitcoin transactions are pseudonymous and decentralized, it is difficult to track the exact number of lost bitcoins. However, various estimates suggest that a significant number of bitcoins have been lost due to forgotten passwords, hardware failures, and other reasons. It is important to note that once bitcoins are lost, they cannot be retrieved or used again.
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• Ibrohim MuysinovJun 05, 2023 · 2 years ago
  Well, let me tell you, finding the exact number of bitcoins lost forever is like searching for a needle in a haystack. The decentralized nature of bitcoin makes it nearly impossible to track all the lost coins. However, it's widely believed that a substantial number of bitcoins have been lost due to people forgetting their private keys or losing access to their wallets. These lost bitcoins contribute to the scarcity and value of the remaining bitcoins in circulation.
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• chummy breuerOct 29, 2020 · 5 years ago
  According to a study conducted by BYDFi, a prominent cryptocurrency research firm, it is estimated that approximately 20% of the total supply of bitcoins has been lost forever. This includes bitcoins that were accidentally sent to wrong addresses, lost private keys, and other irreversible situations. The study suggests that the actual number of lost bitcoins could be even higher, but it is difficult to determine the exact figure. These lost bitcoins contribute to the deflationary nature of bitcoin and its store of value characteristics.
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