A lot has shared how they or others they know lost access to their wallets. And unfortunately, it has been well stated that lost wallets are lost bitcoins forever.
According to estimates by Forbes, lost bitcoins are roughly between 2.7 million to nearly 4 million. That's roughly 17% to 23% of the total 21 million unearthed bitcoins by the year 2040. And many of these bitcoins were lost in the early stages of our most favored cryptocurrency.
This situation is actually a sad lost for those who failed to keep their wallet access (though a big part of this estimate are dormant wallets who does not reflect any transactional activities for the past couple of years could also indicate wallets of hodlers).
Rumors of Satoshi Nakamoto's wallets amounting to nearly 1 Million bitcoins that has remained untouched till date are a big percentage of lost bitcoins already.
Up until today, there has been a large attempt to retrieve lost bitcoins but there were no definitive & reliable reported means to do so.
But in a way, we have to be thankful for this lost bitcoins. It was a substantial contributing factor of bitcoin's current price strength as it lowered the total number of bitcoins in circulation and it ensures that the total amount of coins will be well below 21 million after the last bitcoin has been unearthed.
So the next time you lost your wallet (which i sincerely hope you don't), may the thought that you made everyone else a bit more richer cheer you up.
As Satoshi Nakamoto said "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
it is what it is. It's not great, I have experienced something similar, but you need to move on and get the things right next time. No time to despair, we need to be more responsible with our credentials
