Over 17% of All Bitcoins Are Permanently Lost

According to a new study shedding light on the distribution of the 21 million total Bitcoin supply, nearly one-fifth (17.6%) of all bitcoins are irretrievably lost. The owners have lost access to the corresponding wallets due to various circumstances.

Currently, private investors are the largest holders of BTC, accounting for 57% of all coins. Following them are governments and state-owned companies with 2.7%, corporations with 3.6%, and BTC ETFs holding 3.9% of the market. Miners, who maintain the blockchain, control only 3.4% of bitcoins. Interestingly, 5.2% of the coins are reserved in the so-called “Satoshi Wallet”—the presumed digital stash of Bitcoin’s creator(s).

Lastly, 6.6% of BTC are yet to be mined and will be introduced into circulation in the future.

For American readers, this highlights the significant and sometimes overlooked aspect of Bitcoin’s scarcity and the impact of lost bitcoins on the overall market. As the USA continues to play a major role in the cryptocurrency landscape, understanding these dynamics is crucial for both investors and regulators.

  • Say

    Related Posts

    TON Demonstrates Phenomenal Growth: 32 Million Active Addresses in a Year
    • SaySay
    • June 22, 2024

    The TON (The Open Network) ecosystem is astonishing the crypto community with its rapid development. According to the latest report from the analytical platform CryptoQuant, the number of non-zero addresses…

    Continue reading
    Details Emerge on the “Digital Gold Dollar” aUSDT
    • SaySay
    • June 18, 2024

    In its bid to expand its presence in the stablecoin market, Tether has announced the release of a new token, aUSDT, backed by physical gold reserves. This “synthetic dollar” will…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Key Piranha Bytes Employees Reveal Why the Studio Closed

    • By Say
    • July 16, 2024
    • 3 views
    Key Piranha Bytes Employees Reveal Why the Studio Closed

    Trailer for Terminator Zero Anime Released

    • By Say
    • July 16, 2024
    • 3 views
    Trailer for Terminator Zero Anime Released

    Warhammer 40,000: Space Marine 2 Leaks Online Two Months Before Release

    • By Say
    • July 16, 2024
    • 3 views
    Warhammer 40,000: Space Marine 2 Leaks Online Two Months Before Release

    Microsoft to Revamp the Start Menu in Windows 11

    • By Say
    • July 16, 2024
    • 3 views
    Microsoft to Revamp the Start Menu in Windows 11

    Specifications and Design of Xiaomi Smart Band 9 Leaked by Insider

    • By Say
    • July 16, 2024
    • 3 views
    Specifications and Design of Xiaomi Smart Band 9 Leaked by Insider

    New Details Revealed About the First “True” AI

    • By Say
    • July 15, 2024
    • 4 views
    New Details Revealed About the First “True” AI