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Fidelity: Growth Rate of 'Ancient Supply' of Bitcoin Unmoved for Over a Decade Exceeds Daily New Production
Summary: According to reports, Fidelity Digital Assets research shows that the growth rate of Bitcoin's 'ancient supply' unmoved for over a decade exceeds daily new production. Since April 2024, an average of 566 BTC are added to the ten-year holding queue daily, surpassing miners' daily new supply of 450 BTC. The proportion of holdings over ten ...
According to reports, Fidelity Digital Assets research shows that the growth rate of Bitcoin's 'ancient supply' unmoved for over a decade exceeds daily new production. Since April 2024, an average of 566 BTC are added to the ten-year holding queue daily, surpassing miners' daily new supply of 450 BTC. The proportion of holdings over ten years old accounts for 17% of the total circulation (approximately 3.4 million BTC, valued at $360 billion), with 33% held by Satoshi Nakamoto, and some Bitcoin may be permanently lost. Following the 2024 US election, there were decreases in the ten-year holding volume on 10% of trading days, reflecting market volatility affecting long-term holders' behavior. Currently, 27 publicly traded companies hold over 800,000 BTC. Fidelity predicts that if companies holding 1,000 BTC or more continue to hold Bitcoin on their balance sheets, by 2035, the supply of 'ancient' Bitcoin will exceed 30% of the circulation. (cryptoslate)
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Link: Fidelity: Growth Rate of 'Ancient Supply' of Bitcoin Unmoved for Over a Decade Exceeds Daily New Production [Copy]
