The Amount of Bitcoin Is Scarcer Than We Think
Bitcoin is scarcer than people think, as most look at the current distribution at close to 16 million BTC released so far. However, far fewer Bitcoins are actually accessible. Many people don’t account for the thousands missing, some of them burnt, and wallet stashes that may never be spent. Missing Hard Drives, Faulty Upgrades, and Lost Paper Wallets....
Related News
Bitcoin is obviously scarce. And it seems to be becoming scarcer over time. The post Understanding Bitcoin’s Scarcity appeared first on Bitcoin Magazine.
A project launched just over a month ago has taken the world of crypto by storm. EverGrow Coin, a deflationary token designed to become scarcer over time, was released without the usual hype or paid celebrity promotions, and yet has grown organically to record levels over a very short time. A mature team of developers, […]
While bitcoin continues to become more scarce every day, the most popular set of physical bitcoins, crafted by Mike Caldwell from 2011 to 2013, have become far scarcer than their digital counterparts. As of September 18, 2021, there are now less than 20,000 active bitcoins from the Casascius physical bitcoin collection. Casascius Physical Bitcoin Collection Grows Scarcer Bitcoin has become a well-known technology and in the early years a number of people and companies deployed concepts called “physical bitcoins.” Essentially, a group or individual would fabricate a coin with....
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price. A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows.The blockchain data analytics service revealed Thursday that the total amount of "hodled or lost coins" reached a nine-month high of over 7.21 million BTC. In simple terms, the Bitcoin metric reflected an increase in out-of-circulation tokens — those that may have been stored in cold wallets....
On-chain data shows miners have sent a never-before-seen amount of Bitcoin to exchanges as the crypto touches $55k. Bitcoin Miners Send An Unusual Amount Of Coins To Exchanges As pointed out by a CryptoQuant post, on-chain data shows miners have sent an unprecedented amount of Bitcoin to exchanges. The indicator of relevance here is the […]