๐๐ฅ Over 6 Million Bitcoins Gone Forever?! ๐ฅ๐
A new report by crypto analytics firm Cane Island has uncovered a jaw-dropping stat about Bitcoinโs supply ๐ฑ
๐ According to their research, over 6 million BTC will be permanently lost by mid-2025 โ and that number is only growing! Back in 2020, the estimate was around 4 million. If things keep moving at the same pace, over 7 million BTC could be gone by September 2025. Thatโs more than 1/3 of all Bitcoin ever mined ๐ช๐ฅ
But why is this happening? ๐ค
Cane Island says it's mostly due to:
โฐ๏ธ Owners passing away without sharing keys
๐พ Hardware wallets being physically destroyed
๐ Lost private keys
๐ซ BTC sent to โburnโ addresses with no return
Despite these losses, there's a silver lining ๐ค๏ธ โ the annual BTC loss rate is slowly declining. It dropped from 4% in 2020 to 3.3% in 2025, thanks to:
๐ Multi-signature wallets
๐ฆ Institutional custody solutions
๐ Better user education
Still, the total number of lost coins keeps rising, and thatโs affecting the market in a big way ๐
โ ๏ธ The report warns that Bitcoinโs current market cap may be misleading, since it counts all BTC ever mined โ even the ones lost forever. In reality, the actual market value could be up to 50% lower than whatโs reported ๐ฌ
๐ค Even Satoshi Nakamoto weighed in on this issue back in 2010:
๐จ๏ธ โLost coins make everyone else's coins a little more valuable. Think of it as a donation to everyone.โ
This idea reflects Bitcoinโs unique nature: with a limited supply and no central control, every lost coin makes the remaining ones more scarce โ and potentially more valuable ๐๐ #BTC #bitcoin #Binance #BinanceSquareFamily #Bitcoinโ