According to data metrics reported on Glassnode at the end of 2020, the amount of lost Bitcoin now stands at 7,252,161.786 BTC. That’s the equivalent of $209 billion worth of cryptocurrency at today’s price.
📉 #Bitcoin $BTC Hodled or Lost Coins just reached a 8-month low of 7,252,161.786 BTC
Previous 8-month low of 7,252,221.072 BTC was observed on 30 December 2020
View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/jLEb45pvEE
— glassnode alerts (@glassnodealerts) December 31, 2020
An entire industry of wallet recovery specialists has sprung up to meet the needs of the would-be millionaires. In fact, some of these digital locksmiths have lost a crypto password themselves. And they are turning the experience into one of the world’s newest professions. Specialists are unlocking digital wallets worth millions of dollars using psychology, software, and other tech tools.
There’s plenty of virtual lockers that are still slammed shut. And it has been confirmed by Coinbase that at least 100 people are still unable to access their saved Bitcoins. With millions on the line, the digital-locksmith industry continues its race against time and lost passwords.
The Digital Locksmith Industry In-action
Niels Zondervan, the founder of Wallet Recovery NL, says that they try to narrow the range of password possibilities. “When creating a password, humans almost always use clues from their environment,” he explains. “That can be a TV show character or a postcode.”
