Almost 30% of all bitcoins are lost forever – research
Real number bitcoins much lower than expected
About 28% of all bitcoins are already lost forever
By 2028, demand for bitcoins will significantly exceed supply
International consortium news organizations, developing transparency standards.
Analytical agency Cane Island Digital Research has published research results, according to which, the total number of bitcoins in circulation will differ significantly from Togo, which is indicated in the white paper. In particular analysts came to the conclusion that annually in blockchain bitcoin is lost about 4% of the total available assets.
When this for the first time since May 2020 years irrecoverable losses of bitcoin exceed the rate of production new coins. Basically, this dramatic change is due to the May halving., which the reduced the reward to miners 12.5 BTC up to 6.25 BTC per block.
“By our estimated since 2010 of the year about 4% of the available supply of bitcoins is lost annually. So way, the current available supply is about 13.9 million coins that much below the expected total supply of 18.3 million, ”the report says.
Lack of control
According to Cane Island Digital Research, about 28% of of all bitcoins are lost forever. The agency considers the following cases as irrecoverable losses when user:
- Accidentally drops a hardware wallet;
- Loses the keys to digital wallet;
- Sends assets to a non-existent / incorrect address;
- Dies without agreeing to transfer the keys to another person.
Russian legislators already tried to solve one of the problems of irrecoverable loss of cryptocurrencies by legalizing the transfer of virtual assets by inheritance. However, the process of donating cryptocurrencies itself remains prohibited. A similar legalization scheme cryptocurrencies also observed in China.
Analysts at Cane Island Digital Research believe that bitcoin has already reached the peak of the maximum available volume and with of this moment will decrease:
The situation gets even more complicated themes, that, according to the calculations of the ZUBR exchange, by 2028 the demand for bitcoins will significantly exceed the supply. ZUBR notes that by the end of this decade there will be a significant change in the balance between supply and demand, when the emission of bitcoin yet will decrease more, and retail addresses will continue to absorb more and more offers.
Bitcoin price BTC / USDT on moment writing material is $ 10,868.
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