Study Finds that Almost 4 million Bitcoins are Lost Forever

[kreslik.news]

Breaking record after record, Bitcoin has hit the $10,000 mark on a few exchanges and is approaching that mark on the rest.

But when every market analyst is watching the movement of the bullish coin and making investment strategies, a New-York based analytics firm, Chainalysis, as reported by Fortune, published a study in which it found out that up to 3.79 million bitcoins have been lost forever.

The firm gives a high estimation of 3.79 million and a low estimate of 2.78 million. This means that 17 – 23 percent of total bitcoins have been lost.

According to the study, most of the ... (read more)