The number of bitcoins irrevocably lost now stands at 6 million, leaving 13.3 million coins in circulation, according to Timothy Peterson of Cane Island Alternative Advisors, Timothy Peterson announced. Peterson added that of the 1.7 million bitcoins that will be mined over the next 100 years, 1 million coins will be lost over the same period.
1 million bitcoins lost
The number of bitcoins irretrievably lost has now reached 6 million, according to Timothy Peterson, manager and author of Cane Island Alternative Advisors. In his latest tweet on the matter, Peterson asserts that of the estimated 19.3 million bitcoins mined through March 25, 2023, only 13.3 million are in circulation, which is “probably all you will have access to in your lifetime.”
As of this week, we estimate 6 millionout of 19.3 millionmined #bitcoins have been irretrievably lost. (See related study inhttps://t.co/ULso76SXjD) That means 13.3 million remain and only 1.7 million will be mined over the next 100+ years. In the meantime… pic.twitter.com/WpiSNT9TSF
– Timothy Peterson, CFA CAIA (@nsquaredcrypto) . March 25, 2023
The author’s latest estimate of the number of bitcoins in circulation appears to be consistent with 2020 projections: as Bitcoin.com News reported in September 2020, Peterson claimed at the time that losses continued at an estimated 1,500BTC per day, which meant that less than 14 million coins were in circulation. Cane Island researchers also claimed in their 2020 note that the widely usedcapitalization of BTCis inaccurate because it includes coins irretrievably lost.
While some bitcoiners have questioned or dismissed Peterson’s previous claims, including Cane Island’s April 16, 2020 research note, in a March 25 tweet the author appears to use the same research to support his latest prediction. The tweet also predicts a loss ofmillion. BTCover the next 100+ years.
“This means that there are 13.3 million left and only 1.7 million will be mined over the next 100+ years. In the meantime, another 1 million coins will almost certainly be lost, and as new coins are created, old coins are lost. The 13 million coins in circulation now is probably all you will get in your lifetime,” Peterson explained in a tweet.
#Bitcoin Active supply over time
In “The Spectacular Journey of the
51} #Bitcoinseries,
today we see active supply through time56} #BTCfind equilibrium? Check out my free public site for
60} analysis {/62} #onchain https://t.co/yVmCtJlihh
data is collected from my own bitcoin nodes. pic.twitter.com/RBeO8OgUEf
– ㊙ Coin Researcher (
