One of the most important reasons and factors that made Bitcoin so valuable and viewed with anticipation, and made many enthusiasts expect it to rise to fantastic amounts, is the scarcity factor.

Where Bitcoin was designed with a limited number of 21 million units, 18.3 million units were extracted from it, of these 18.3 million units, 7.78% have not moved for more than 10 years.

Part of it belongs to the founder of the coin, Satoshi Nakamoto, as well as a few early adopters, and it is very likely that the bulk of this percentage lost their private keys, which means the final loss.

In all cases and in all scenarios this works in favor of Bitcoin as Bitcoin becomes even scarcer than it is now.

Read:Find out how much XRP is left for Ripple co-founder Jad McCaleb

$13 billion worth of bitcoin hasn’t moved in over a decade:

What distinguishes Bitcoin from other valuables such as (gold, silver…) is that the number of expected Bitcoins is limited and cannot be more than 21 million units.

While gold and others can be extracted continuously.

According to new figures revealed by the analytics platform Glassnode, Bitcoin is more scarce than we think Source Just under 8% of the total bitcoin in circulation has been idle for over ten years, and hasn’t moved yet.

As we have indicated, it is possible that the vast majority of these coins are lost, which means that they are locked inside wallets that users have lost their keys, thus remaining there inactive.

account indicated unfolded on Twitter by saying:

7.78% or about $13 billion of current bitcoin supply has not moved for more than 10 years.

7.78% (~$13 billion) of current Bitcoin supply has not moved over 10 years

Data: Tweet embed pic.twitter.com/SGv4Kjt0DL

– unfolded (cryptounfolded) May 25, 2020

Read:Dogecoin co-founder: Luna 2.0 project will attract stupid crypto gamblers

The scarcity of Bitcoin is one of the most important motivators that make many analysts expect it to reach even higher levels in case of high demand.

The “PlanB” Twitter account commented on the circulating Bitcoin offer and what the currency will be worth two years from now, according to a new model called “S2F Cross Asset Model” and abbreviated as “S2FX.”

According to this model, which measures the current circulating supply of an asset (in this case Bitcoin) compared to its annual production, Bitcoin will reach $100,000 by the end of the current year, and $300,000 by the next two years.

# bitcoin S2FX groups:

1 – S2F 1.3 -> Market Cap: $1 million -> BTC $0.23
2 – S2F 3.3 -> $58 million -> $6
3 – S2F 10.2 -> $5 billion -> $410
4 – S2F 25.1 -> $114 billion -> $6,700
5 – S2F 56.0 -> $5.5 trillion -> $288K

The beauty is that the change in S2F is proportional to the change in the market value of BTC (d_MV = d_S2F^4.1) 🔥 pic.twitter.com/jdM8kBFMdj

Read:A new project built on the Cardano blockchain is preparing to enter the DeFi space

– PlanB (@100 trillion USD) May 15, 2020

It seems that the scarcity of Bitcoin is increasing especially given the number of coins that have been dormant for over a decade, which further reinforces this economic model, and indicates that Bitcoin will rise further than ever before.

But it remains just an expectation that may be true or false, and it may not be the case as it is predicted.

Read also:

Bitcoin’s recent plunge brings more small investors into the crypto arena

Bitcoin Pizza Day 10th Anniversary: ​​Big Transformations for Bitcoin