Many bitcoin enthusiasts argue that the strength of bitcoin stems from the limited number of the total coin supply estimated at 21 million bitcoins.

Of these 21 million bitcoins, 18.57 million bitcoins have been mined.

Of these 18.57 million bitcoins, 10% of them have not moved, or 1.85 million bitcoins, 10 years or more ago, according to the website glass.

Why?

Glassnode data shows that 1,857,721 bitcoins have been immovable from their address for more than 10 years.

Exactly 10% of # bitcoin He hasn’t moved in over 10 years now.

True HODLers

Read:An Ethereum-based asset management platform loses more than 37 million cryptocurrencies

– Danny Scott (@CoinCornerDanny) December 18, 2020

While some extremists and critics of Bitcoin see from the angle that the lack of movement of this huge amount is the commitment of the scammers to what they bring from the Bitcoin bubble popping.

While other, more realistic analyzes indicate that these cryptocurrencies are more likely to have dead or lost private access keys.

It is worth noting that Bitcoin founder Satoshi Nakamoto has recovered around 1.125 million BTC (according to various estimates), which have not been transferred for over a decade now.

Since no one knows his whereabouts, who he is, or even if he is still alive, what is certain is that the fate of these cryptocurrencies remains mysterious at best.

On January 3, 2019, Glassnode started showing the number of bitcoins that had not been transferred for 10 years.

This is because exactly 10 years before the launch of the Bitcoin network, Nakamoto started mining his early cryptocurrencies.

But even if we take the Nakamoto coin cache out of the equation, there is still the possibility of losing another 2.6 million Bitcoins forever, too.

Read:What is the dark crypto market? And what are the most popular platforms in this field?

As we have indicated, this can be for many reasons, including the loss of private keys, corruption of hard drives, intentionally burned bitcoins, or even the death of people without passing on their digital wallets to anyone.

In total, it is likely that at least 3.7 million bitcoins or roughly 20% of all bitcoins currently mined have disappeared and can never be recovered.

At current prices, $83.3 billion worth of bitcoin has been left in limbo.

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