Missing out on bitcoin’s wild rally may not be the worst thing in the world. You could be sitting on a fortune unable to access it. Data shows up to 23 percent of bitcoins currently in circulation may be lost forever.
It is impossible to say exactly how many bitcoins are being hoarded and how many will never be recovered. According to estimates from blockchain analysis company Chainalysis, between 2.78 million and 3.79 million bitcoins worth up to $50 billion at current prices are already gone for good.
The findings were based on a detailed empirical analysis of the blockchain where all bitcoin transactions are recorded. Chainalysis used age and transaction metrics to work out which bitcoin hasn’t been moved in a very long time.
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