$2 Billion Worth of Unpeeled Casascius Physical Bitcoins: There's Less Than 20,000 Coins Left Active

$2 Billion Worth of Unpeeled Casascius Physical Bitcoins: There's Less Than 20,000 Coins Left Active

THELOGICALINDIAN - While bitcoin continues to become added deficient every day the best accepted set of concrete bitcoins crafted by Mike Caldwell from 2024 to 2024 accept become far scarcer than their agenda counterparts As of September 18 2024 there are now beneath than 20240 alive bitcoins from the Casascius concrete bitcoin collection

Casascius Physical Bitcoin Collection Grows Scarcer

Bitcoin has become a acclaimed technology and in the aboriginal years a cardinal of bodies and companies deployed concepts alleged “physical bitcoins.” Essentially, a accumulation or alone would assemble a bread with the bitcoin attribute categorical on it and the bread would additionally authority agenda BTC hidden aural the coin’s body.

It’s safe to say that the Casascius concrete bitcoin collection created by Mike Caldwell is the best accepted accumulating to date, and these attenuate concrete bitcoins are awash for abundant added than the face amount of the agenda bitcoin they hold.

Casascius bitcoins action a holographic tamper-resistant sticker on one ancillary of the coin, and if the sticker is peeled, the agenda bitcoin’s clandestine key is revealed. Caldwell crafted both bill and confined that captivated loaded bitcoin (BTC) and created alternation 1 (1-1,000 BTC), alternation 2 (0.5-500 BTC the DIY Storage Bars), and alternation 3 (0.5-1 BTC).

Unfortunately, the U.S. government forced Caldwell to stop minting Casascius bitcoins with loaded BTC on them. By the end of Caldwell’s administration authoritative these coins, he managed to excellent about 27,920 Casascius bitcoins with assorted increments of loaded BTC. Over the years owners accept adored the loaded amount captivated on these Casascius bitcoins in a action alleged a “peel.”

On December 23, 2019, Bitcoin.com News appear on a 100 BTC gold bar that was bald or redeemed. This agency the agenda BTC amount was spent by the buyer and the concrete bar is abandoned with aught agenda amount left. Ten years afterwards the aboriginal Casascius bitcoins were minted, there’s beneath 20K larboard that are alive with loaded BTC.

19,920 Casascius Physical Bitcoins Left to Peel

According to statistics from casasciustracker.com, on September 18, 2021, there’s about 19.92K alive Casascius bitcoins cat-and-mouse to be peeled. So far 8,009 bill or confined accept been adored over the aftermost ten years and there’s about 43K BTC larboard unpeeled account over $2 billion.

48,169 BTC account $2.3 billion has been spent by the bark process. Furthermore, there are some advantageous owners who still accept yet to bark 1,000 BTC confined or bill account $48 actor application today’s barter rates. For instance, out of the six 1,000 BTC Series 1 Casascius bitcoins, alone 2 accept been adored so far.

In that aforementioned series, Caldwell minted 16 1,000 BTC confined and so far 87.50% or 14 confined accept been redeemed. There were 81 Alternation 2 100 BTC bill (worth $4.8M each) minted by Caldwell and to date 47 bill or 58.02% of the BTC has been adored from that minted set.

Today, the Casascius concrete bitcoin accumulating has aggregate cogent budgetary amount and the bill and confined are advised coveted bitcoiner collectibles. Even bald Casascius bitcoins still authority amount and some of them are actuality awash for $1,999 (for a 2012 piece). A loaded argent Casascius concrete bitcoin with 0.1 BTC ($4,834) from 2013 is affairs for $20,000 today. A attenuate unloaded set of 125 Casascius concrete bitcoins fabricated of aluminum is selling for $4,995.

What do you anticipate about the actuality that there are now beneath than 20,000 Casascius bitcoins larboard alive today? Let us apperceive what you anticipate about this accountable in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, casasciustracker.com