Bitcoin’s illiquid supply surges after market turmoil
"The root problem with conventional currency is all the trust that’s required to make it work"
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Last week, CryptoSlate analyzed that illiquid supply hit an all-time high as short-term holders started to hold more Bitcoin off exchanges.
- A further deep dive shows; after each crisis, albeit the crypto or tradfi industry, illiquid supply surges for Bitocin.
- The more investors get burnt due to liabilities outside their control; they rush to take self-custody of their Bitcoin off exchanges.
- We expect this long-term trend to continue as humans are inherently greedy and corrupt, so that self-custody will become even more important.
- Roughly 15 million Bitcoin in illiquid supply, divided by 19.3 million Bitcoins in circulating supply which gives us 78% of the circulating supply is illiquid.
