▲ 2 r/CoinBeacon
CZ Says Bitcoin’s Scarcity Will Only Get Stronger
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More than 20.07 million BTC have already been mined, around 95.6% of Bitcoin’s maximum supply of 21 million.
CZ recently pointed out that an estimated 10–20% of existing Bitcoin may already be permanently lost, and that number could continue to grow over time.
He described Bitcoin as a deflationary asset with long-term growth potential. He also argued that due to its limited supply, there simply aren’t enough whole bitcoins for every millionaire to own one.
The 10–20% figure is only an estimate, since there is no way to know exactly how much BTC has actually been lost forever.
u/Pleasant_Event_4883 — 5 days ago