By Zum - 14.02.2020
Cumulative sum in dormant bitcoin addresses
Jan 7, - The cumulative sum in dormant bitcoin addresses surpassed million BTC, worth just about $ billion at current price. Dormant bitcoin addresses are bitcoin addresses that have no outgoing transactions for a certain The date of data calculation for the report was July 21, Cumulative Dormant Address Balance (USD) by Source Type.
These are not what I have been previously referring to as 'zombie' bitcoins, for which I have been using a 3 year age cutoff value.
This cut-off was a bit arbitrary, and feel free to sort the spreadhsheet and use different cutoff values yourself.
However, knowing that these coins must have cumulative sum in dormant bitcoin addresses cost basis just a fraction of the current value of bitcoin cumulative sum in dormant bitcoin addresses the past two years, we can now consider how many are out there waiting to re-enter the market.
This list includes the approximately one million mined bitcoins for the first year or so of the lifetime of the blockchain, presumably owned by Satoshi and untouched to this date.
$100 Billion in Bitcoin Hasn't Moved in Over 1 Year
Others probably represent wallets cumulative sum in dormant bitcoin addresses have been lost forever.
And, of course, many just represent steely eyed holders who quietly fondle their private keys dreaming a future world economy running on bitcoins.
Here is a link to a Google Docs spreadsheet containing all of the addresses. If you have an old dormant address with more cumulative sum in dormant bitcoin addresses 25btc, go ahead and check it against this spreadsheet and let me know click I missed you.
Nearly four years! Feel free to use this spreadsheet for research and post any interesting observations you might find.
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