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Thats good to know mate! It means that those Bitcoin holders are not interested to sell its BTC holdings, and it is beneficial to the Bitcoin price today. by the way, the total circulation of Bitcoin was around 18 million and its total supply was 21 million it means only 3 Million will be mineable for years and what happens if all Bitcoin is already mined.
I am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.
Quote from: bitbit97 on November 17, 2021, 01:40:43 PMI am not amazed with this statistics. There are a lot of Bitcoins on old, lost, forgotten hard drives. There are a lot of Bitcoin on a wallet with forgotten private keys. There are a lot of Bitcoin on exchange addresses, which are only kept on the balance.Make sense, maybe bitcoin didn't move because the holder lost their private key.But It's just my guess, maybe wrong.There are several people didn't safe their private key and password, so they have lost their bitcoin.
In any case, in my opinion, this is bad for bitcoins. It is possible that the keys have been lost, or it is also possible that, as we know, bitcoin is primarily used as a store of value. Holders expect a significant increase in its price. Everything should work. If it does not work, it gradually dies off.