Cryptocurrency Q&A
What is the circulating supply of Bitcoin (BTC)?
What is the circulating supply of Bitcoin (BTC)?
isabella_oliver_musician
Fri Jul 05 2024
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7 answers
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Could you elaborate on the current circulating supply of Bitcoin, or BTC? Understanding this metric is crucial for investors and analysts to gauge the overall market capitalization and potential for future growth. As Bitcoin is a decentralized digital currency, its circulating supply is constantly fluctuating due to various factors such as mining rewards, lost wallets, and transaction fees. Therefore, keeping a close eye on the circulating supply can provide valuable insights into the current state of the Bitcoin market and its long-term prospects. Could you provide a detailed answer to this question, taking into account the latest data and trends in the Bitcoin ecosystem?
7 answers
ethan_lewis_journalist
Sun Jul 07 2024
The circulating supply of Bitcoin, also known as BTC, is theoretically expected to exceed 18 million coins.
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Michele
Sun Jul 07 2024
This estimation is based on the amount of Bitcoin that has been mined since the inception of the network.
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SumoMighty
Sun Jul 07 2024
However, recent studies and estimates suggest that a significant portion of these coins are no longer accessible.
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OceanSoul
Sat Jul 06 2024
Specifically, it is believed that around 4 million BTC have been permanently lost or misplaced.
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Eleonora
Sat Jul 06 2024
This loss could be attributed to various reasons, including forgotten wallets, lost passwords, and incorrect transactions.
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