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Returning Lost Bitcoins Is Impossible, Experts Say
The volume of the cryptocurrency market exceeds one hundred billion dollars. But over the years of its existence, a fairly large number of lost bitcoins have turned up.
Around the world, three to five million bitcoins are lost forever, said Chris Thomas, head of the digital assets department at Swiss online bank Swissquote. About this on Monday, December 28, writes RIA Novosti
According to Thomas, the withdrawal of this cryptocurrency became impossible due to forgotten passwords or damage to the equipment for its mining. In total, according to him, at the moment about 19 million bitcoins have been mined, and in 2021 their number will reach 21 million.
The history of the blockchain began in 2009, when a record of the receipt of 50 coins for mining appeared in the first wallet. According to bitinfocharts.com, more than 8 years of existence of bitcoin, around 20 million addresses have been created and, at different times, mining brought a different “profitability” to its owners.
For a long time, bitcoins were perceived as the outcome and process of a certain game. And since bitcoin in material terms was just a fun abstraction, wallet keys were massively lost, disappeared along with hard drives, thrown away with heaps of unnecessary papers. Some of the bitcoins were “burned” by accidental transfer to non-existent wallets.
At the moment, almost 90% of the wealth of cryptocurrencies is stored in 0.8% of the total number of wallets (about 150 thousand pieces). Half of them are in wallets containing 10 to 1000 bitcoins. It is to this same group that a large number of bitcoin pioneer portfolios belong and in it, as experts say, the largest accumulation of “dead” coins.
Recall that the cost of the most popular bitcoin cryptocurrency crossed the $ 27,000 milestone for the first time.
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