Published On: Sun, Nov 26th, 2017

Four Million Bitcoins Lost Forever?

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As Bitcoin’s price continues to climb ever higher, a new report suggests that nearly 4 million bitcoins may have been lost forever. 
Could Bitcoin Rise Even Higher?

Today, Bitcoin managed to surpass yet another milestone, arriving at a new all-time high price of over $9000. There are many speculations on why Bitcoin has managed to rise so high in such a short time. One of the more popular theories is that Wall Street and other big institutional investors are diversifying their portfolios by buying into the digital currency. Many experts are suggesting that Bitcoin-related financial instruments like ETFs and futures may be the driving force behind Bitcoin’s recent meteoric rise. Some Bitcoin community members, however, have speculated that the recent price rise may be caused by the number of Bitcoins that have been lost forever.
Nearly Four Million Lost Bitcoins
 
A recent article in Fortune reported on a research study that was conducted by a blockchain analytics company regarding lost Bitcoins. The New York-based company, Chainalysis, was founded in 2014 and specializes in blockchain analysis and the tracking of cryptocurrencies. Two of Chainalysis biggest clients include the IRS and Europol. In a study …

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