10% of all bitcoin did not move for over 10 yearsAbout one in ten Bitcoin (BTC) hasn\u2019t been moved in 10 or more years. At least that\u2019s what blockchain analytics company Glassnode says.Glassnode\u2019s data shows that 1,857,721 Bitcoin have remained \u201cstationary\u201d for more than 10 years (as of Dec. 17). With a total of about 18,573,268 BTC in circulation (although this number grows every 10 minutes as miners find new blocks), this represents about 10% of all BTC mined to date.Still, while some Bitcoin maximalists may see this as a sign of true \u201cHodler\u201d commitment, the reality is much less romantic. Most of these BTC are probably long \u201cdead\u201d \u2014 lost forever due to various circumstances, so no one can ever use them.First of all, the enigmatic creator of Bitcoin, Satoshi Nakamoto, mined about 1 million BTC (according to various estimates), which have now not been moved in over a decade. Since no one knows where he \u2014 or she \u2014 might be today, or even if they are still alive, the fate of these Bitcoins is unclear.On January 3, 2019, Glassnode\u2019s charts started showing BTC’s numbers that haven\u2019t moved in 10 years. That\u2019s because it\u2019s exactly 10 years after the Bitcoin network was launched and Nakamoto began mining his first coins.But even if we take Nakamoto\u2019s Bitcoin holdings out of the equation, another 2.6 million Bitcoin are likely lost forever as well. This could be for various reasons, including misplaced private keys, broken hard drives, intentionally burned BTC, or even people dying without leaving anyone their wallets.In total, at least 3.7 million Bitcoin \u2014 or about 20% of all BTC currently in existence \u2014 are most likely gone.At current prices, that\u2019s $83.3 billion worth of Bitcoin sunk into oblivion.I share more intimate thoughts in a monthly newsletter that you\u2026<\/p>","protected":false},"excerpt":{"rendered":"
10% of all bitcoin did not move for over 10 yearsAbout one in ten Bitcoin (BTC) hasn\u2019t been moved in 10 or more years. At least [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3041"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=3041"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=3041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=3041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=3041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}