Recent Bitcoin FOMO Sends Lost Key Holders Scrambling, Losing Sleep

Recent Bitcoin FOMO Sends Lost Key Holders Scrambling, Losing Sleep


Bitcoin price recently doubled its former peak and set a new high above $40,000 per coin. The feat put the cryptocurrency back in the headlines as investors celebrated their success.

But it isn’t a happy story for all Bitcoin holders, many of them who have lost coins over the years. Instead, the rally has prompted a three-fold increase in users who are scrambling to access lost BTC. Here’s how even the asset’s earliest investors are still losing sleep despite climbing prices.

Bitcoin Rally Above $40K Reopens Wounds Of Lost BTC

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One of the greatest strengths Bitcoin offers is in its limited supply of only 21 million BTC. Even less are in circulation currently, and as much as 20% of what is in circulation is lost forever.

Lost coins are a bonus for those holding Bitcoin, as this means the supply is even more limited than intended, and the price per coin can increase even more based on incoming capital.

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