Post
Topic
Board Bitcoin Discussion
Re: [DISCUSSION] What will happen to the "lost" bitcoins?
by
SilverCryptoBullet
on 30/10/2024, 03:17:31 UTC
I've always had a big question about the bitcoins in wallets that were lost over time.
Many reasons for losing bitcoins: in your non custodial wallets by did not have wallet backups, lost your wallet backups; or in accounts on centralized platforms that can be hacked, bankrupted like Mt.Gox or scam exchanges.

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Of course, this is not something to worry about right now, but when will the limit of bitcoins be mined be reached?
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No worry now and no worry in future.

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The circulation limit of the asset will not be just 21 million (value estimated by the system), it will be 21 million minus the bitcoins lost in wallets, which according to studies, is almost 4 million lost coins. This value will probably increase significantly as the year goes on.
More lost bitcoins, we will have less bitcoins circulating and it helps to increase scarcity of Bitcoin, then impact its price to be higher.

How is the 21 millions bitcoin cap defined and enforced?
What will happen to Bitcoin after all 21 Million are mined?

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What could happen to these lost bitcoins?
Some of them are not lost bitcoins and will be woken up in future.

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Will they continue to be lost in "limbo" Huh
Lost bitcoins are gifts for everyone.
Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.