Fidelity "40% of Bitcoin circulation will be locked up by 2032"

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Summary

Fidelity said long-term Bitcoin holders and corporate stockpiles will render 42% of the total circulation non-circulating by 2032.
It said that if newly listed companies' Bitcoin purchases are added, the supply shortage could worsen further.
The outlet predicted that a decrease in Bitcoin circulation would cause a supply shock and have a positive effect on Bitcoin's rise.

Bitcoin (BTC) long-term holders and corporate stockpiles could lock up 40% of the total circulation going forward, according to an analysis. Long-term holders refer to holders who have not moved Bitcoin from their wallets for at least 7 years.

On the 16th (local time), Cointelegraph reported that asset manager Fidelity said in a report, "Long-term holders and corporate Bitcoin stockpiling companies will hold more than 6 million bitcoins by the end of this year," and "By 2032, 8.3 million, equivalent to 42% of circulating supply, will become non-circulating," it forecast.

Fidelity said it did not reflect purchases by newly listed companies in this projection, and explained that if additional companies begin stockpiling, the supply shortage could worsen further.

The outlet said, "A decrease in Bitcoin circulation will bring a supply shock to the market," and "will have a positive effect on Bitcoin's rise," it predicted.

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