Unlocking the Mystery: Over 30% of Bitcoin Supply Remains Dormant for Five Years
Main Idea
Over 30% of Bitcoin's total supply has remained inactive for over five years, reflecting strong long-term holding behavior and reducing the liquid supply available for trading, while an estimated 7.5% is permanently lost.
Key Points
1. More than 30% of all Bitcoin ever mined has not moved in over five years, indicating strong long-term conviction among holders.
2. An estimated 7.5% of the total Bitcoin supply is believed to be permanently lost due to factors like lost private keys or forgotten wallets.
3. The inactive and lost Bitcoin reduces the circulating supply, making Bitcoin scarcer than its 21 million coin limit suggests.
4. Long-term holding behavior is driven by the 'HODL' philosophy, where investors view Bitcoin as a store of value rather than a short-term asset.
5. The reduced circulating supply can exert upward pressure on Bitcoin's price, especially when demand increases.
Description
BitcoinWorld Unlocking the Mystery: Over 30% of Bitcoin Supply Remains Dormant for Five Years Imagine a significant portion of a highly sought-after asset simply sitting untouched for years. In the world of digital gold, this isn’t just a hypothetical scenario; it’s the intriguing reality of a substantial portion of the Bitcoin supply . Recent insights reveal a remarkable trend: over 30% of the total Bitcoin (BTC) supply has remained inactive for over five years, signaling profound implications ...
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