How Many Bitcoins Have Been 'Lost' Forever?

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How Many Bitcoins Have Been 'Lost' Forever?


Summary

  • Bitcoin has a controlled supply, meaning that the amount of coins that can be mined are finite.

  • The amount of Bitcoins actually in circulation is far lower than the amount of Bitcoins in existence, due to accidental loss or willful destruction.

  • Of the 16 and a half million Bitcoins that have been mined so far, it is estimated that up to 25% have been lost for good.

Bitcoin has a controlled supply, meaning that amount of coins that can be created are finite. The Bitcoin protocol is designed in such a way that new bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence.

Projected Bitcoins Short Term:

Table data source

As of June 20, 2017, Bitcoin has reached the total circulation amount of 16.4 million coins, which is about 78% of the total amount of Bitcoins that there ever will be in existence.

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How Many Bitcoins Have Been 'Lost' Forever? | Ecency