Bitcoin becomes more secure: -92% of BTCs stolen in 2020

Bitcoin becomes more secure: -92% of BTCs stolen in 2020
2 minutes of reading Posted by Marine Debelloir, January 6, 2021 at 10:30 am.

The Bitcoin (BTC) network matured in 2020, with the massive arrival of new investors and the considerable rise in asset prices. This can also be seen by another indicator: the number of stolen BTCs is in free fall compared to last year.

Bitcoin becomes more secure: -92% of BTCs stolen in 2020

FacebookTwitterLinkedInTelegramWhatsAppCopy Link
Fewer bitcoins (BTC) stolen in 2020 than in 2019
The information comes from Jameson Lopp, Casa’s technical director. In 2020, he counted all the reported stolen BTCs to compare them with previous years. And the result speaks for itself: in 2020, the number of stolen and declared BTCs fell by 92%. The trend had already been declining since 2016, but 2019 had seen a resurgence in the theft of bitcoins:

Stolen BTC bitcoins reported 2020

Source: Jameson Lopp via Twitter

Bitcoin Prime – Is it good for everyone?

This Bitcoin Prime review experience has revealed that the automated crypto trading platform has been designed for everyone. It is a smart and fast crypto trading platform with easy to use features. The fully automated crypto trading settings makes Bitcoin Prime a perfect choice for all the investors who have been looking for the best platform to trade with online.

A total of 4,366 BTCs were reported as stolen, the lowest level ever recorded: 0.02% of the total supply. For comparison, the worst year in terms of BTCs stolen, 2014, saw 678,262 BTCs stolen. In 2020, the Darknet Empire platform recorded the biggest loss of the year, with 2,638 BTCs stolen.

šŸ‘‰ Find out how to store your Bitcoins (BTC) safely

Binance Exchange Logo
Discover the BTC on Binance “

10% discount on your fees with the code SVULQ98B šŸ”„

***

šŸ‘‰ And also -10% on Binance Futures with the cryptoast code

Stolen BTCs whose price changes over the years
However, the analysis must be mitigated somewhat: the price of Bitcoin has increased enormously since 2014. On January 6, 2014, a BTC was worth $936. Today, on January 6, 2020, a BTC is worth more than $35,000. Taking into account the number of stolen BTCs can therefore be an interesting indicator, but we must keep in mind that the sums involved vary greatly.

In any case, we are witnessing a democratisation of investment in Bitcoin. Large asset managers now offer custody services, allowing institutions to keep their BTCs in a more secure manner.