Even when all bitcoin are mined, much fewer than 21 million will be circulating actively. Data analytics firm Chainalysis estimates that roughly a fifth of all coins mined to date are lost. That means those bitcoin are stuck in wallets with lost keys, which could be due to lost passwords, the physical loss of hard drives where those keys were stored or even stuck in wallets belonging to deceased owners who never passed on the passwords necessary to access them.
Related posts
-
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since... -
Germany transfers about $40m in Bitcoin amid ongoing selloff
The German government has transferred 700 Bitcoins (BTC), valued at approximately $40.47 million. This transaction is... -
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in...