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About 36% of BTC in turnover are lost, "technical" Bitcoin crypto currency is in deficit

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According to a new study submitted by two research firms – Chainalysis and Diar – the real number of Bitcoin (BTC) tokens in circulation was counted. According to CoinMarketCap, the number of coins in circulation is 17296587 at the time of writing. The study says that 36% of this amount is "absolutely accurately lost, most likely, that they were lost or are still underdeveloped." If to count, it turns out that 6.226 million BTC are technically inaccessible for purchase or trade even for whales.

The report further says that 22% of the negotiable offer belongs to speculators, while investors have 30% of the total turnover. These values ​​are respectively 3.8 million and 5.189 million BTC.

Using the figures above and knowing that the volume of emission for Bitkoyn Mining is 21 million tokens, we can confidently say that the "technical" crypto currency is in short supply. This is explained by the fact that 6.226 million BTC are out of reach. Nevertheless, there still remain 3,704 million BTC, which will be extracted in the future. This amount may be enough to satisfy the interests of global investors.

In mid-July, Litecoin founder Charlie Lee called on crypto-currency traders and enthusiasts to strive first to get 1 BTC before buying any other coin.

What is the future of the Bitcoin crypto currency

To date, Bitcoin has attracted interest from institutional investors from Wall Street, such as Bakkt and CBOE, who already have applications for the ETF launch in the SEC.

As reported a few days ago , the BTC's crypto currency has serious prerequisites for a rapid and steady rise in price.

Author: Olga Novikova, analyst of Freedman Club Crypto News
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