It is estimated that between 3.7 and 7.8 million bitcoins are lost, depending on the methodology used. Let's find out more about these estimates!

Bitcoin has a limited number of units that can be created, but are all these created coins still available? How many bitcoins are lost in the blockchain?

If you’re already familiar with the Bitcoin universe, you probably know that its maximum issuance is limited to 21 million units. This feature is not just a technicality; it is the essence that makes Bitcoin one of the scarcest forms of money ever created.

But here’s a fact that makes this scarcity even more impressive: a significant part of those 21 million bitcoins is, in practice, lost forever.

This “loss” happens for various reasons, but mainly due to users’ lack of attention when storing their bitcoin.

So while on the one hand Bitcoin allows you total sovereignty – after all, you don’t have to rely on banks or intermediaries to store your money –, on the other hand, it requires extra attention and care. Unfortunately, many users learn this the hard way.

So in this article we’re going to discuss how many bitcoins might be lost forever, how they end up getting lost and what are the ways to avoid this.

Let’s check it out!

...read more at blog.areabitcoin.co