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External ReportingUpdated 8 phút trước

Crypto Billionaire Changpeng Zhao Estimates 2-4 Million Bitcoin Gone Forever, Calls BTC a 'Deflationary Asset'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Crypto Billionaire Changpeng Zhao Estimates 2-4 Million Bitcoin Gone Forever, Calls BTC a 'Deflationary Asset'
Publisher Yahoo Finance 4 phút đọc
Image via Yahoo Finance
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Binance founder Changpeng "CZ" Zhao estimated on Saturday that 10–20% of all Bitcoin that have already been mined are effectively gone forever.

Permanetly Lost BTC?

CZ noted in an X post that 20.07 million BTC have already been mined, with only 4.4% of the remaining supply remaining to enter circulation.

"I'd estimate 10-20% of existing Bitcoins are lost/stuck/unrecoverable," he added, which translates to roughly 2–4 million BTC.

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Given that Bitcoin's total supply is capped and the usable supply continues to decrease as coins are permanently lost, CZ deemed Bitcoin a "deflationary asset."

Bitcoin surpassed 20.07 million coins mined as of August 2026, leaving only 4.4% more supply.

I'd estimate 10-20% of existing bitcoins are lost/stuck/unrecoverable. It's a deflationary asset.

— CZ 🔶 BNB (@cz_binance) August 15, 2026

Satoshi's BTC Also Inaccessible?

CZ's figures were largely in line with other analysts. BitGo estimates 2.3–4 million BTC, or about 11–18% of the 21 million supply cap.

This includes Satoshi Nakamoto's estimated 1.1 million untouched early BTC, which are technically dormant rather than confirmed lost.

Bitcoin can become inaccessible in several ways, such as when private keys or passwords are lost, or when someone dies without leaving seed phrases or recovery instructions for their heirs.

Buy and HODL L1s, Says Raoul Pal

Macro investor Raoul Pal, meanwhile, urged investors on X to buy and hold a small number of high-quality Layer 1 blockchains that capture real economic activity.

"The people trying to be clever and trade this cycle are the ones who'll eventually blow this up," the Real Vision CEO said

Pal said that banks and asset managers are shifting products onto blockchain rails, which are also becoming central to the next phase of the internet involving AI agents.

"Liquidity is flowing, the Clarity Act is coming and the geopolitical noise looks like it might finally settle," he added.

Photo: Hi my name is Jacco on Shutterstock.com

Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.

Arrived

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

Realberry

Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests.

FarmTogether

Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.

Fundrise

Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.

Mode Mobile

Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte's fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. 

EquityMultiple 

For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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