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3.56M BTC Considered Lost, 17.7% of Circulating Supply

Data reveals that 3.56 million Bitcoin, or 17.7% of the circulating supply, are considered lost. This highlights the significant impact of lost coins on Bitcoin’s scarcity and market dynamics.

Original source

AI take

Lost coins are effectively a permanent supply reduction, so the 17.7% figure matters less as a curiosity than as a constraint on how much Bitcoin can ever actively trade. It sharpens the scarcity narrative that underpins Bitcoin's market positioning, but it also raises a methodological question: lostness is inferred, not proven, and the boundary between dormant and destroyed coins is never fixed. Whether that estimate holds as custody practices and recovery tools evolve is the open question.

Generated by AI for reference only.

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