While the use of Bitcoin and cryptocurrencies is increasing day by day, the amount of lost BTC is also increasing.
At this point, on-chain data platforms Glassnode and IntoTheBlock shared how much of the approximately 19 million Bitcoins that have been mined so far have been lost.
“Our data shows that 29% of BTC has not moved in 5 years. A large part of this is likely to be related to lost coins,” IntoTheBlock wrote. said.
Ever wondered how many Bitcoins are lost forever? Our data shows that 29% of $BTC hasn't moved in over 5 years. It's possible that a large part of this concerns lost coins. #Bitcoin
— IntoTheBlock (@intotheblock) July 17, 2023
Apart from IntoTheBlock, Glassnode also made a post on this subject. Stating that the number of long-held or lost Bitcoins has reached the highest level in the last 5 years, Glassnode said that the number of lost BTC reached 7,781,224,168.
“The amount of coins held or lost has reached a 5-year high of 7,781,224,168 BTC.”
📈 #Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,781,224.168 BTC
View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/nF9KjaR2jv
— glassnode alerts (@glassnodealerts) July 17, 2023
*Not investment advice.
