It is estimated that around 6 million Bitcoins have been lost forever ❗️

Which is around 31% of the total supply of the cryptocurrency.

In March 2023, Timothy Peterson, a manager at Cane Island Alternative Advisors, estimated that the number of Bitcoins lost exceeded 6 million, which is over 31% of the current supply of BTC.

In July 2023, analytics platform IntoTheBlock reported that around 29% of Bitcoins had not been moved from addresses for over 5 years, suggesting that some of them may have been lost forever.

However, it should be noted that some of these Bitcoins may be held by long-term investors who do not plan to sell them anytime soon.

Due to Bitcoin's limited supply, the loss of a significant number of coins could impact its market value, leading to a rise in price as it approaches its maximum supply of 21 million BTC.#btc