Fidelity: It is expected that 8.3 million bitcoins will be "illiquid" by 2032

ChainCatcher news, according to Cointelegraph, asset management company Fidelity claims that at the current purchasing rate of Bitcoin by treasury companies, by 2032, approximately 42% (or 8.3 million) of the circulating supply of Bitcoin will be "illiquid."

Fidelity's report on Monday pointed out that the criteria for determining the illiquidity of Bitcoin supply for two groups is that the supply has increased for at least 90% of the time in each quarter over the past four years. Based on this, Fidelity identified two groups: long-term Bitcoin holders and publicly traded companies holding at least 1,000 Bitcoins, the latter of which is increasing this year. Fidelity expects that by the end of 2025, these two groups will hold over 6 million Bitcoins, accounting for more than 28% of the total. Fidelity found that long-term Bitcoin holders (defined as those who have not moved Bitcoin from their wallets for at least seven years) have not seen a decrease in supply since 2016. The second group—publicly traded companies holding at least 1,000 Bitcoins—has also maintained a stable overall Bitcoin holding, with a supply decrease occurring only once in the second quarter of 2022.