Around 20% of all Bitcoin ever mined is lost forever — locked away in forgotten wallets, discarded USBs, and hard drives buried in landfills. That’s roughly 4.39 million BTC, worth over $500 billion at today’s price of $114,000.
These coins will never re-enter circulation, making Bitcoin’s true supply far scarcer than it appears. With every halving tightening the flow, the shortage becomes even more pronounced.
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Around 20% of all Bitcoin ever mined is lost forever — locked away in forgotten wallets, discarded USBs, and hard drives buried in landfills. That’s roughly 4.39 million BTC, worth over $500 billion at today’s price of $114,000.
These coins will never re-enter circulation, making Bitcoin’s true supply far scarcer than it appears. With every halving tightening the flow, the shortage becomes even more pronounced.
The reality that one-fifth of BTC is permanently gone reframes just how valuable the remaining coins could become.
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