Fidelity: The growth of "ancient supply" of Bitcoin that has not moved for over ten years has exceeded the daily new issuance.

PANews reported on June 19 that, according to CryptoSlate, Fidelity Digital Asset Research showed that the growth rate of Bitcoin's "ancient supply" that has not moved for more than ten years has exceeded the daily new output. Starting in April 2024, an average of 566 BTC per day will be added to the ten-year holding queue, exceeding the new supply of 450 BTC per day for miners. Holding coins for more than 10 years accounts for 17% of the total circulation (about 3.4 million, worth $360 billion), of which 33% is held by Satoshi Nakamoto, and some bitcoins may be permanently lost. After the 2024 U.S. election, 10-year holdings decreased by 10% of trading days, reflecting the impact of market volatility on long-term holder behavior. Currently, 27 listed 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 circulating supply.

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HighYieldUltra-Stablevip
· 06-19 10:19
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