What is the current count of bitcoins that can never be recovered?

5 answers

• Samantha DavisFeb 03, 2023 · 2 years ago
  As of now, the exact number of bitcoins that can never be recovered is uncertain. However, it is estimated that around 20% of the total supply of bitcoins have been lost or are inaccessible. This could be due to various reasons such as lost private keys, forgotten passwords, or hardware failures. These lost bitcoins contribute to the scarcity of the digital currency and can have an impact on its value.
  405

  203
• AlvinJun 26, 2024 · a year ago
  Oh boy, lost bitcoins! It's like finding a needle in a haystack. The current count of bitcoins that can never be recovered is quite a mystery. Some say it's a few hundred thousand, while others believe it could be in the millions. Regardless of the exact number, it's safe to say that there's a significant amount of bitcoins lost in the digital abyss. So, if you happen to stumble upon a lost bitcoin, consider yourself lucky!
  427

  143
• Dale FrazierAug 23, 2024 · a year ago
  According to a recent study, it is estimated that there are approximately 4 million bitcoins that are permanently lost and cannot be recovered. These lost bitcoins are a result of various reasons such as forgotten passwords, misplaced hardware wallets, or even unfortunate accidents like hard drive failures. The loss of these bitcoins adds to the scarcity of the digital currency and can potentially drive up its value in the long run. So, if you're lucky enough to have all your bitcoins accounted for, consider yourself one of the fortunate few.
  548

  137
• Chaitanya Dadaji AhireApr 24, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, estimates that there are currently over 3 million bitcoins that can never be recovered. These lost bitcoins are a result of various factors such as forgotten passwords, lost hardware wallets, and even accidental deletion of private keys. The loss of these bitcoins not only affects the individuals who lost them but also contributes to the overall scarcity of the digital currency. It's a reminder to always keep your private keys safe and secure.
  489

  98
• Gabriel SantosDec 22, 2021 · 4 years ago
  The exact count of bitcoins that can never be recovered is difficult to determine. However, it is widely believed that there are millions of bitcoins that have been lost or are inaccessible. These lost bitcoins are a result of various reasons such as forgotten passwords, misplaced hardware wallets, or even deliberate destruction of private keys. The loss of these bitcoins adds to the limited supply of the digital currency, which can potentially drive up its value over time. So, if you're lucky enough to have all your bitcoins accounted for, consider yourself fortunate!
  575

  96