Lost Bitcoins.
To date, approximately 3.5 million Bitcoins have been lost forever for various reasons. This in turn reduces the supply on the market, thereby affecting the price of the asset.
Bitcoin can be lost due to forgotten passwords, equipment failure, incorrect transactions, or the death of the owner without transmitting the information necessary to access the coins, making the funds irrecoverable.
Such losses can be due to equipment failure, death of the owner, or due to forgotten access keys.
Lost Bitcoin reduces the total supply, contributing to its scarcity and potentially increasing its value over time due to reduced availability.
Lost Bitcoin affects more than just the owner; it can also affect the entire market.
When a Bitcoin is lost, it reduces the total available supply. This reduction contributes to Bitcoin scarcity, as fewer coins are available for trading and investment. Scarcity, in turn, can increase the perceived value of Bitcoin, making each remaining coin potentially more valuable.
