Sleeping Bitcoin Mystery: Is this crypto asset gone forever or waiting to be spent?

Jakarta, Pintu News – Bitcoin is known as one of the most revolutionary cryptocurrencies in the digital world. However, the phenomenon of ” sleeping bitcoins ” has increasingly become a hot topic of conversation among the crypto community and global investors. Many are wondering: Are the bitcoins really gone, or are they just waiting for the right time to be spent?

This phenomenon has led to speculation about Bitcoin’s availability and value, especially as crypto prices continue to rise. Considering that 1 BTC is currently equivalent to around USD 57,000 (or around Rp925,000,000), the existence of sleeping bitcoins worth billions of rupiah sparked the curiosity of many people.

What is Bitcoin Sleep?

The term “sleeping bitcoins” refers to coins that are stored in blockchain wallets and have not been moved or used for years. According to blockchain data, such bitcoins often come from the early mining era, where many users may have forgotten their private keys or lost access to their wallets.

Many consider the bitcoins to be “gone forever.” However, some argue that the original owner may just be waiting for the right time to spend them. In some cases, bitcoins that have been dormant for more than 10 years have suddenly moved to a new address, prompting speculation in the crypto market.

Also Read: XRP price surges but corrects, can bulls take over again?

Reasons Bitcoin Can Settle

There are a few reasons why bitcoin may have settled or “slept” for a long time. First, many early adopters did not realize the future value of BTC (1 BTC used to cost even less than Rp1,000). As a result, many wallets were abandoned due to forgotten passwords or lost seed phrases.

Another reason is the practice of hodling-astrategy of holding crypto for the long term as an investment. Some owners choose to hold on to their BTC, hoping for the price to rise to many times its current value. With 1 USD equivalent to IDR 16,248, a single bitcoin can be worth a lot in rupiah terms.

Impact of Bitcoin Sleep on Crypto Market

The existence of sleeping bitcoins has a significant impact on the cryptocurrency market. The supply of active bitcoins becomes less than the total supply, so the level of scarcity increases. This can lead to price increases, as demand continues to grow while supply decreases.

However, if at any time a large number of sleeping bitcoins “wake up” and move, the market can react immediately. Typically, this move triggers fears that there will be a massive sell-off. In fact, this is not always the case-sometimes the move is just a wallet move without being sold on an exchange.

Can Sleeping Bitcoin “Wake Up” Again?

Technically, a sleeping bitcoin can “wake up” at any time if its owner still has access to the private key. However, if the private key is lost or forgotten, then that bitcoin will remain locked on the blockchain forever – inaccessible to anyone. This is why the number of bitcoins actually available is smaller than what is shown in the total supply data.

Stories of people ripping apart old hard disks or searching for digital wallets to access sleeping bitcoins often go viral. The value up for grabs is staggering: in some cases, wallets containing thousands of BTC, or the equivalent of trillions of rupiah, become the object of a digital hunt.

Implications for the Future Value of Bitcoin

The existence of sleeping bitcoins, both lost and waiting to be spent, will continue to be an important factor in calculating the value and scarcity of this crypto. Analysts agree that the more bitcoins that sit idle, the scarcer the BTC that can actually circulate, pushing the price up.

However, it is possible that one day sleeping bitcoins will “wake up” again and change market dynamics. Investors must also be vigilant and pay attention to any movement of large wallets that have been inactive.

Conclusion

The mystery of sleeping bitcoins adds to the fascination of the enigmatic cryptocurrency world. Whether the bitcoin is really missing, or just waiting for the right momentum to become active again, is still a big question that makes the crypto market always dynamic and full of surprises.

Also Read: Bonk Crypto Surges: Is the Next Target Beyond $0.000025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bitcoin.com. Lost or Just Waiting to be Spent? The Curious World of Sleeping Bitcoins Explained. Accessed July 9, 2025.