• early users lost private keys
• old hard drives were thrown away
• some coins were burned by mistake
• Satoshi’s BTC (~1M) never moved

That’s ~15–20% of total supply.

So when someone says:
“BTC supply is capped at 21M”

Reality:
👉 effective supply is MUCH lower.

Scarcity isn’t a theory.
It already happened.


#BTC #Bitcoin #CryptoFacts