📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
📉💥 Over 6 Million Bitcoins Gone Forever?! 💥📉
A new report by crypto analytics firm Cane Island has uncovered a jaw-dropping stat about Bitcoin’s supply 😱
🔍 According to their research, over 6 million BTC will be permanently lost by mid-2025 — and that number is only growing! Back in 2020, the estimate was around 4 million. If things keep moving at the same pace, over 7 million BTC could be gone by September 2025. That’s more than 1/3 of all Bitcoin ever mined 🪙🔥
But why is this happening? 🤔
Cane Island says it's mostly due to:
⚰️ Owners passing away without sharing keys
💾 Hardware wallets being physically destroyed
🔑 Lost private keys
🚫 BTC sent to “burn” addresses with no return
Despite these losses, there's a silver lining 🌤️ — the annual BTC loss rate is slowly declining. It dropped from 4% in 2020 to 3.3% in 2025, thanks to:
🔐 Multi-signature wallets
🏦 Institutional custody solutions
📚 Better user education
Still, the total number of lost coins keeps rising, and that’s affecting the market in a big way 📊
⚠️ The report warns that Bitcoin’s current market cap may be misleading, since it counts all BTC ever mined — even the ones lost forever. In reality, the actual market value could be up to 50% lower than what’s reported 😬
👤 Even Satoshi Nakamoto weighed in on this issue back in 2010:
🗨️ “Lost coins make everyone else's coins a little more valuable. Think of it as a donation to everyone.”
This idea reflects Bitcoin’s unique nature: with a limited supply and no central control, every lost coin makes the remaining ones more scarce — and potentially more valuable 💎🚀 #BTC#