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20% of All BTC is Lost, Unrecoverable, Study Shows

“However, the misplacement and potential loss of 20% of all BTC tokens should have little effect on the broader cryptocurrency industry” writes Nathan Reiff for investopedia.com. This downside to the security of BTC has given rise to a cottage industry of wallet hunters who aim to help investors recover lost funds.A new report from the Wall Street Journal suggests that bitcoin users have misplaced about 20% of all existing tokens.These wallet hunters typically charge a fee of anywhere from 5% to 40% of funds recovered, and they make use of various tools to aid in their investigation.This allows for loss of a sizable quantity of BTC without an overall impact on the currency itself.
 
Source: investopedia.com



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