Loading ...Up To 37% Of Circulating Bitcoin May Be Lost Forever In Silent Supply Shock
While Bitcoin’s fixed 21 million coin cap was designed to counteract fiat inflation and mirror gold’s scarcity, a massive pool of permanently lost coins further tightens supply.
Estimates from on-chain analyses suggest that between 2.3 million and an incredible 7.8 million BTC (roughly between 11—37% of total supply), may have vanished forever, trapped in lost wallets, forgotten keys, or in addresses abandoned due to unexpected deaths. These ‘zombie’ or ‘ghost’ coins then effectively reduce Bitcoin’s effective circulating supply from the current 19.9 million to as low as a range of 12.1—17.6 million BTC.
This silent supply shock, which dwarfs institutional demand and is ignored and underestimated by the mainstream media, positions Bitcoin not just as digital gold but as an asset with unparalleled rarity. It also has the potential to trigger a seismic price surge as the market wakes up to the scarcer than realised reality, and a free float barely half its total supply.
https://www.zerohedge.com/crypto/bitcoins-hidden-scarcity-lost-coins-and-silent-supply-shock
Possibly trying to juice the value of an existing bitcoin wallet……….??
The Bitcon community is running out of “reasons” why it is going to a million plus. While a valid issue it helps explain why the insanity has gotten to 100k+. Probably Saylor desperation since investors into his ponzi are getting harder to come by.
Yeah you could have made a lot of money buying this bullshit over the course of the years but this whole space Bitcoin etc. Just seems like the garbage you see at the end of a nearly 100 year old bull market. Being scarce doesn’t make anything valuable.