Fidelity: Bitcoin’s “ancient supply” that has not moved for more than a decade is growing faster than new daily output

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PANews
06-19
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PANews reported on June 19th that according to CryptoSlate, Fidelity Digital Assets research shows that the growth rate of "ancient supply" of bitcoins untouched for over a decade has exceeded daily new production. Since April 2024, an average of 566 BTC per day has been added to the ten-year holding queue, surpassing the daily 450 new BTC from miners. Long-term holdings over ten years account for 17% of the total circulation (approximately 3.4 million coins, valued at $36 billion), with 33% held by Satoshi Nakamoto, and some bitcoins potentially permanently lost. After the 2024 US election, long-term holdings decreased on 10% of trading days, reflecting market volatility's impact on long-term holder behavior.

Currently, 27 listed companies hold over 800,000 BTC. Fidelity predicts that if companies owning 1,000 BTC or more continue to hold bitcoin on their balance sheets, the "ancient" bitcoin supply will exceed 30% of circulation by 2035.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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