The Vanishing BTC Dilemma: Implications for Price and Survival

How will the vanishing BTC phenomenon affect its price and long-term survival, especially with the increasing number of wallets containing small or 'dead' BTC? It's intriguing to consider the impact of these forgotten coins over time. For instance, imagine the numerous wallets scattered across the digital landscape, each holding a few cents or a few dollars of BTC, likely never to be used again. I have a couple of wallets myself with pennies and dollars worth of BTC. These abandoned wallets contribute to the growing pool of dormant coins. As time passes, more people may inadvertently join this group.

On one hand, the diminishing supply could create scarcity and drive up BTC's value (hyperdeflationary?), given that each remaining coin becomes more coveted due to decreased availability. This might lead to higher demand from investors and enthusiasts, potentially resulting in a bullish trend for Bitcoin.

However, the presence of a significant number of dormant coins might lead to drawbacks. With more inactive BTC, the active coin market could face increased concentration and higher volatility. Additionally, reduced liquidity may make it challenging to conduct substantial trades without significantly impacting the price.

Moreover, the long-term survival of Bitcoin may be at risk if a substantial portion of coins remains permanently inaccessible. This could weaken the overall BTC ecosystem and raise concerns about its practicality for real-world transactions.

The future implications of vanishing BTC remain uncertain, and only time will reveal whether this trend will prove advantageous or detrimental to Bitcoin's future, considering the countless wallets containing small or 'dead' BTC.

Just wanting your thoughts...