Satoshi Nakamoto himself said in 2010 that “Lost Coins make everyone else‘s worth slightly more.“ Today we have up to 6M BTC, 28% of the whole supply, lost forever.

We all know that one driving factor of all economies worldwide is the scarcity as this creates more demand for something while the supply is increasing slowly or not at all. Bitcoin has also always been profiting off this and the finite Supply of Bitcoin that was decided by Satoshi Nakamoto can today probably be seen as the driving growth factor for all of Crypto.

But it even gets better, we all know that there will ever be only 21 million BTC, 19.6 million of that is mined as of right now and it will take roughly another 100 years for the rest due to the Halvings decreasing the speed of the supply influx. But now we should all remember that a very big quantity of that has been purchased in the very early days of Bitcoin where you got thousands of BTC for literally pennies.

Back then people did not really care much about it and it was just a fun experiment, so they kept forgetting or not even writing down or not even knowing that they have a seed phrase. This has caused that today estimates range from 3M-6M BTC being lost forever, that is up to 28% of the whole supply and 30% of the current circulating supply.

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Estimates of Bitcoin supply that is lost forever

Even Satoshi Nakamoto himself had answered to those lost forever coins about 13 years ago. There he said “Lost coins only make everyone else’s worth slightly more. Think of it as a donation to everyone”. So he probably also knew that this will be a major topic in the future as people will keep losing their BTC, causing scarcity to go up even further with Bitcoin.

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Official Quote by Satoshi Nakamoto, saying how supply being lost is very good for Bitcoin