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Tuesday

28 September 2021

'Lost and HODLed' Bitcoin (BTC) hits 34% of supply, what does this mean?

'Lost and HODLed' Bitcoin (BTC) hits 34% of supply, what does this mean?


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Data from the on-chain market analysts Glassnode shows the number of hodled or lost Bitcoin tokens has hit a seven-month high of 7,167,889.595 BTC.

As of last year, their report reveals that 3.7 million tokens were lost, representing 20% of the available supply.

That being so, it’s impossible to determine, with accuracy, how much Bitcoin has been lost to user error or unfortunate circumstances.

As such, an increasing number of hodled or lost Bitcoin tokens is good for existing hodlers

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