Cane Island Alternative Advisors analyst Timothy Peterson said that 6 million BTC out of the 19.3 million BTC mined are irretrievably lost.
I estimate that, as of this week, 6 million of the 19.3 million #bitcoin mined have been irretrievably lost. (See related research at https://t.co/ULso76SXjD ) This means 13.3 million remain with only 1.7 million left to be mined over the next 100+ years. In that time, it’s… pic.twitter.com/WpiSNT9TSF
— Timothy Peterson, CFA CAIA (@nsquaredcrypto) March 25, 2023
“This means that there are only 13.3 million BTC left and only 1.7 million BTC left to be mined over 100 years. During this time, another million will almost certainly be lost. [монет]”, he wrote.
According to Peterson, as new bitcoins are created, old ones are lost. He called the 13 million BTC circulating today “everything we are likely to have access to.”
In April 2020, Coinmetrics analysts calculated that 2.3 million BTC out of the 18.3 million BTC mined at that time were lost forever.
Recall that in February 2023, the number of addresses with a balance of 1000 BTC or more (over $24.7 million) fell to mid-2019 levels. According to Glassnode, their number is 2024.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!