Around 8 million Bitcoin, or 42% of the current Bitcoin circulating supply (BTCCould be “illiquid” Fidelity Asset Management says that Bitcoin Treasury Firms will buy up to 2032 worth of Bitcoin at current rates.
A report published Fidelity on Monday identified two groups with illiquid Bitcoin supplies, based on the fact that they have increased their Bitcoin supply each quarter, or 90% of the times, for at least the past four years.
It found that there are two groups: long-term Bitcoin owners and companies publicly traded with 1,000 Bitcoin or more, which has been increasing this year.
Bitcoin’s low liquidity means that there is less Bitcoin available on the market. This could lead to a rise in the Bitcoin price.
“We estimate that this combined group will hold over six million Bitcoin by the end of 2025 — or over 28% of the 21 million Bitcoin that will ever exist,” “Fidelity” is a brand name.
According to the study, long-term Bitcoin users, those who had not removed Bitcoins from their wallets for at least seven year, did not see a decrease in supply in 2016.
In general, companies publicly listed that own at least 1000 BTC also have remained strong in their Bitcoin investments, with only a quarter-by-quarter decrease in supply occurring during Q2 of 2022.
The number of publicly listed Bitcoin companies may continue to grow in the near future. There are currently 105 Bitcoin holding firms. The publicly-traded companies currently hold over 969,000 BTC. This is 4.61% the total Bitcoin supply. according Bitbo data is available.
42 % of Bitcoins will become unliquid
Fidelity has predicted that 8,3 million BTC will become unliquid in the second quarter 2032.
This figure was calculated by the firm assuming the wallet group that has held BTC at least for seven years would continue to grow their BTC supply at a similar rate in the last ten years.
It did not consider the additional shortages of supply caused by other public companies.
“At the close of Q2 2025, Bitcoin’s circulating supply stood at roughly 19.8 million. Of that, we estimate that nearly 42% — or over 8.3 million Bitcoin — will be considered illiquid by Q2 2032.”
Possible whale sale
At the end of second quarter 2018, the report showed that both groups held Bitcoins worth $628 Billion at an average of $107,700. That’s double the value of last year.
Related: Bitcoin whale is dumping again as BTC flatlines at $116K
What will the future price of Bitcoin be if whales sell their BTC stock?
The Bitcoin Whales are a group of people who have embraced the cryptocurrency. collectively sold BTC worth nearly $12.7 billion In the last 30 days, the price of Bitcoin has decreased by 2%. This is the biggest sell-off in 2022. In the last 30 days the Bitcoin price has dropped by 2%. according CoinGecko.
Magazine: XRP to retest highs? Bitcoin won’t go sideways for long: Hodler’s Digest, Sept. 7 – 13
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Source: cointelegraph.com
