What is the estimated amount of bitcoin lost in forgotten wallets?

1 answers

• niharika nagendraDec 16, 2022 · 3 years ago
  According to a recent study, it is estimated that around 20% of all bitcoins that have ever been mined are currently lost in forgotten wallets. That's a staggering amount considering the current market value of bitcoin. These lost bitcoins are a result of various reasons, including people losing access to their wallets, forgetting their passwords, or even passing away without leaving their private keys behind. While it's impossible to know the exact number, experts believe that the total value of lost bitcoins could be in the range of hundreds of billions of dollars. It's a sobering reminder of the importance of securely storing and backing up your bitcoin wallets.
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