Satoshi’s BTC are effectively lost forever.
~1–1.1M BTC mined in the early days have never moved in 15+ years.
No selling. No proving identity. No reaction to ATHs, crashes, ETFs, or halvings.
In markets, behavior is information.
Unspendable coins = burned coins.
That means less real supply, less sell pressure, more scarcity.
Bitcoin didn’t lose those coins —
👉 Bitcoin inherited conviction.
