[2020-10-22] 10% of bitcoins haven't moved in over 10 years

[Best_Change]

10% of bitcoins haven't moved in over 10 years

According to the Glassnode service, 1.8 million BTC have not moved in over 10 years.

At the moment, the bitcoin supply is about 18.5 million BTC, which makes almost 10% of the mined coins inactive. Today, the total value of sleeping bitcoins exceeds $23 billion.

Most of these coins may belong to the creator of the cryptocurrency Satoshi Nakamoto, who has remained silent since 2011. It is estimated that Nakamoto owns 1 million coins that have been inactive since mining.

In May, coins minted in February 2009 suddenly began to move. The owner sent 50 BTC to two different addresses without giving any reason.

Source: https://cointelegraph.com/news/10-of-bitcoin-s-supply-has-been-untouched-for-over-10-years-report

Read more news in our Medium channel: https://medium.com/@BestChange   

[TalkStar]

10% of bitcoins haven't moved in over 10 years

According to the Glassnode service, 1.8 million BTC have not moved in over 10 years.

Among 1.8 million BTC 1 million is sleeping on creator's account and most probably rest 0.8 million bitcoin holders are waiting for next all time high price or some of them may lost their wallet access. There is lots of stories about bitcoin holder who spent their BTC for small reason or forgot their account credentials and after 10 years now they are realizing what mistakes they have done. Although its was not so easy for early bitcoin holders to get idea about its future value.  

At the moment, the bitcoin supply is about 18.5 million BTC, which makes almost 10% of the mined coins inactive. Today, the total value of sleeping bitcoins exceeds $23 billion.

Most of these coins may belong to the creator of the cryptocurrency Satoshi Nakamoto, who has remained silent since 2011. It is estimated that Nakamoto owns 1 million coins that have been inactive since mining.

The amount of BTC which is belongs to creator's account its current value is 13 billion and most of us know that it will remain same until any miracle happen. We can expect rest of the amount which may get active in the future.

We can get some interesting information about Bitcoin God from here, Bitcoin and me (Hal Finney)

[stompix]

Hmm, I find it a bit weird to talk about coins that haven't moved for 10 years but to compare that amount to the current number of coins minted.

There are coins that have not moved also, some are lost for sure but they are not included because they were mined like 9 years and 10 months, ago
It would have been better to say that 1,8 million coins out of the 4.3 million mined more than 10 years ago have not moved, that would be close to 40%. One thing to note, just a coincidence but the total number of coins that have never been spent is also equal to 1.8 although I can't really vouch for that post and numbers.