Estimated 4 Million Bitcoin is Lost Forever by Users’ Forgetfulness97.44

As much as 20 percent of all the Bitcoin in existence is lost forever, Chainalysis has revealed — as the research firm says it handled contracts worth $750,000 since 2016.

In comments to The New York Times, Chainalysis said that user failures to create robust methods of password storage meant as much as $20 billion of Bitcoin is locked out of reach. The figure makes up the majority of lost cryptocurrency, it added, due to Bitcoin being around considerably longer than any altcoins before their value increased.

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