The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

6 million Bitcoins have been lost or stolen worldwide! What exactly does this mean? At a Bitcoin conference this week, Jameson, former chief engineer at BitGo and current engineer at CasaHODL,
Lopp revealed that it is estimated that 4 million Bitcoins are currently lost and 2 million Bitcoins have been stolen in the Bitcoin network. In other words, as of July 2018, a total of 6 million Bitcoins are no longer usable and have disappeared forever from the Bitcoin blockchain. Since it is impossible to recover lost Bitcoins through a hard fork, 28.5% of the fixed supply in the Bitcoin network will never be recovered.

It can be seen from this that the actual maximum supply of Bitcoin will not exceed 15 million. There are currently 17 million Bitcoins in circulation, of which only 11 million Bitcoins can actually be used, sent, received and traded.

**Does the current price include lost Bitcoins?**

In an interview with Fortune magazine in November 2017, cryptocurrency and blockchain analysis company Chainalysis revealed for the first time that 3.79 million Bitcoins had been lost from the Bitcoin blockchain.

At the time, Chainalysis senior economist Kim Grauer
Grauer said that due to the highly speculative nature of the cryptocurrency industry, it is difficult to think that the Bitcoin that has been lost is also taken into account by the market. Grauer explained that in the long term, as people realize that the maximum supply of Bitcoin does not reach 21 million, increased demand may push the price of Bitcoin higher.

**Raul explains:**
"This is a very complex question. For one thing, the straight-forward calculated market caps don't take into account those lost Bitcoins. Given how speculative the space is, these calculated market caps could become a Market economic models that influence investment behavior On the other hand, however, markets have adapted to actual levels of supply and demand.
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Just look at people's trading behavior to know this. Furthermore, it is well known that the monetary policy process often affects exchange rates by reducing or increasing required reserves. So the answer is both yes and no, both possibilities exist. "

As of July 5, 2018, the price of Bitcoin was $6,700. Its market capitalization is calculated based on the 17.13 million Bitcoins circulating in the market. However, if Bitcoin’s market size remained unchanged and its supply was reduced to 11 million, Bitcoin would be worth $10,300.

But think about it another way, since many investors and community members have realized that millions of Bitcoins are missing from the blockchain, its current market valuation may have taken into account that the actual supply of Bitcoin is significantly smaller than the data shows. supply of this.

**The maximum actual supply of Bitcoin is less than 21 million**

Prominent investors and analysts in the cryptocurrency space have been saying for the past few years that Bitcoin's final price could be between $100,000 and $2 million, as only a maximum of 21 million Bitcoins exist in the Bitcoin network.

If the reason why Bitcoin has a better store of value than traditional assets such as gold is because one of its main features is a fixed supply, then in the long run, since only 75% of Bitcoins can be obtained by people , a fact that may drive the cryptocurrency’s value higher.