Study: Nearly 4 million Bitcoins Lost Forever

This is fascinating — almost half of all bitcoins will eventually become lost or unrecoverable:

“According to new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a high estimate—and 2.78 million based on a low one. Those numbers imply 17% to 23% of existing bitcoins, which are today worth around $8,500 each, are lost.

While others have speculated about the number of lost bitcoins, the Chainalysis findings are significant because they rely on a detailed empirical analysis of the blockchain, where all bitcoin transactions are recorded.”

Hard to see how this is a sustainable situation . . .


Source: Fortune


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