The ancient supply of Bitcoin highlights significant market changes highlighted in a new report from Fidelity Digital Assets, for the first time it officially outperforms the new issue.
According to Fidelity Digital Assets, the accumulation of ancient Bitcoin supply (coins that have not been touched for over a decade) has now reached unprecedented levels, surpassing the daily new issue rate. Despite the fluctuating price and market conditions daily, 566 Bitcoins have continued to show strong beliefs every day for only 450 mined mined people in this dormant category. The report says that nearly 3.4 million coins, including Nakamoto's Atshi share, are part of this ancient supply, which amounts to over $360 billion. Recent events such as the 2024 US election have temporarily increased movement among long-term holders, but the overall trend suggests that an increase in institutional participation could drive ancient supply to 30% of the total circulation by 2035. Fidelity highlights the programmed scarcity of Bitcoin, emphasizing strengthening its unique value proposition as an adopted recruit, strengthened by committed holders.
