The amount of lost or dormant Bitcoin (BTC) in the market has reached the highest level in the last 5 years.
The amount of Bitcoin, which stands out with its limited supply, is also considered to be lost. 5 year high reached. On-chain analysis firms glassnode And IntoTheBlock The data provided by was astonishing. glassnodein total 7 million 781 thousand BTCof He hasn’t moved in 5 years or completely lost revealed that.
IntoTheBlock is “Have you ever wondered how many Bitcoins are lost forever?started with the in your postthe total supply of Bitcoin in the market 29% of He wrote that he had been standing motionless for the last 5 years. The firm emphasized that the main reason for this inactivity was lost Bitcoins.
In circulation in the market according to CoinGecko data 19 million 432 thousand Bitcoins exists. Due to the linear decrease in block halvings, the 21 million supply It is not technically possible to release all of them. On the other hand, in practice, year 2140 around 21 million Bitcoins It is thought that almost all of them will be in circulation.
This limited structure on supply is also lost. Bitcoins when added potential value of the asset is increasing exponentially.