What is the estimated quantity of Bitcoin that is irretrievable?

3 answers

• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can tell you that the estimated quantity of Bitcoin that is irretrievable is around 3-4 million BTC. These are the Bitcoins that have been lost or forgotten due to various reasons such as lost private keys, hardware failures, or people simply forgetting about their Bitcoin holdings. It's important to note that this is just an estimate and the actual number may vary.
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• Nov 26, 2021 · 3 years ago
  Well, let me break it down for you. The estimated quantity of Bitcoin that is irretrievable is quite significant. It's believed that there are millions of Bitcoins that have been lost forever. This can happen when people lose access to their wallets or forget their private keys. So, if you're thinking about the total supply of Bitcoin, you need to take into account this irretrievable amount as well.
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• Nov 26, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the estimated quantity of Bitcoin that is irretrievable is approximately 3-4 million BTC. These Bitcoins are considered lost or inaccessible due to various reasons. It's important to keep in mind that this is just an estimate and the actual number may be higher or lower. However, it gives us an idea of the significant amount of Bitcoin that is no longer accessible.
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