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BitcoinWorld Unlocking the Mystery: Over 30% of Bitcoin Supply Remains Dormant for Five Years Imagine a significant portion of a highly sought-after asset simply sitting untouched for years. In the world of digital gold, this isn’t just a hypothetical scenario; it’s the intriguing reality of a substantial portion of the Bitcoin supply . Recent insights reveal a remarkable trend: over 30% of the total Bitcoin (BTC) supply has remained inactive for over five years, signaling profound implications for the cryptocurrency market and its future trajectory. Understanding the Staggering Inactivity of Bitcoin Supply The statistic is compelling: more than 30% of all Bitcoin ever mined has not moved from its wallet address for half a decade or longer. This translates to a colossal amount of BTC, showcasing an unparalleled level of long-term conviction among a significant segment of Bitcoin holders. This data, highlighted by crypto analytics, underscores a unique characteristic of Bitcoin’s ownership distribution. Furthermore, within this inactive pool, an estimated 7.5% of the total Bitcoin supply is believed to be permanently lost. This lost BTC can be attributed to various factors, including forgotten private keys, accidental wallet deletions, or even the passing of owners without proper succession plans. The concept of ‘inactive’ refers to coins that have not been involved in any transaction, meaning they haven’t been spent, traded, or even moved between a user’s own wallets. To put this into perspective, let’s look at the breakdown: Metric Approximate Value (of Total Supply) Implication Total Bitcoin Supply ~19.7 Million BTC (as of late 2023) Maximum 21 million BTC ever Inactive BTC (5+ years) Over 30% Strong HODL conviction Permanently Lost BTC (estimated) ~7.5% Irrecoverable, reduces circulating supply Actively Traded/Circulating BTC Remaining percentage Available for market transactions This division highlights a fundamental aspect of Bitcoin’s market dynamics: a significant portion is held by those with a long-term vision, effectively reducing the liquid Bitcoin supply available for immediate trading. Why is this Bitcoin Supply Dormant? The HODL Philosophy The primary reason behind such prolonged inactivity is the widespread adoption of the ‘HODL’ philosophy. Originating from a misspelling of ‘hold’ on an online forum, HODL has become a mantra for Bitcoin enthusiasts who believe in its long-term value appreciation. These are individuals who view Bitcoin not just as a speculative asset, but as a revolutionary form of digital gold, a hedge against inflation, or a foundational technology for a new financial era. Key drivers for this long-term holding behavior include: Strong Conviction: Many holders are deeply convinced of Bitcoin’s potential to reach significantly higher valuations in the future, often citing its scarcity, decentralization, and growing adoption. Early Adopters: A large portion of these inactive coins belongs to early miners and investors who acquired Bitcoin when its price was mere cents or dollars. Their gains are already substantial, incentivizing them to hold for even greater returns. Store of Value Narrative: As Bitcoin matures, its narrative as a ‘store of value’ similar to gold strengthens. Investors are increasingly using it to preserve wealth over long periods, rather than for quick profits. Tax Implications: In many jurisdictions, selling cryptocurrency triggers capital gains taxes. Holding indefinitely defers these tax events, making long-term holding financially attractive for some. Lack of Immediate Need: For some, their Bitcoin holdings are a long-term savings vehicle, meaning there’s no immediate need to liquidate them for expenses or other investments. This collective ‘HODL’ strategy significantly impacts the circulating Bitcoin supply , contributing to its inherent scarcity and influencing its price dynamics over time. The Permanent Loss: Unaccounted Bitcoin Supply Beyond deliberate long-term holding, a non-trivial portion of the Bitcoin supply is simply gone forever. This ‘permanently lost’ Bitcoin is a fascinating and somewhat tragic aspect of the decentralized nature of cryptocurrency. Unlike traditional banking where lost funds can sometimes be recovered through institutional intervention, lost Bitcoin is often irrecoverable due to the very design of its security. Reasons for permanent loss include: Forgotten Private Keys: The most common reason. If a user loses or forgets their private key or seed phrase, there is no central authority to help them regain access to their funds. Accidental Deletion: Deleting wallet files or software without backing up the keys can lead to irreversible loss. Hardware Failure: Physical damage or loss of hardware wallets or storage devices containing private keys can render the Bitcoin inaccessible. Death of Owners: Without a proper inheritance plan or access to keys, Bitcoin held by deceased individuals can become permanently locked. Early Mining Errors: Some early Bitcoin was mined to addresses that were not properly secured or were test addresses, leading to their abandonment. The estimated 7.5% of the total supply being permanently lost further reduces the effective circulating supply, making Bitcoin even scarcer than its hard-capped 21 million coin limit suggests. This phenomenon, while unfortunate for individuals, paradoxically contributes to the overall value proposition of Bitcoin by making the remaining accessible supply more valuable due to its increased scarcity. What Does Dormant Bitcoin Supply Mean for the Market? The existence of a vast, dormant Bitcoin supply carries significant implications for its market behavior, price, and overall ecosystem. Understanding these impacts is crucial for anyone looking to invest in or simply comprehend the world’s leading cryptocurrency. Enhanced Scarcity and Price Pressure: With a substantial portion of Bitcoin held off the market, the available supply for new buyers is significantly reduced. This artificial scarcity, combined with increasing demand (driven by retail and institutional adoption), can exert upward pressure on Bitcoin’s price. It reinforces the ‘digital gold’ narrative, where limited supply meets growing demand. Indicator of Strong Conviction: The long-term inactivity signals strong confidence among holders. This ‘HODL wave’ suggests that a significant number of participants are not easily swayed by short-term price fluctuations, contributing to market stability and resilience during downturns. Reduced Volatility (to an extent): While Bitcoin is known for its volatility, the large inactive supply means fewer coins are actively traded, which can, in some ways, reduce immediate selling pressure. However, if a large portion of these dormant coins were to suddenly move, it could introduce significant volatility. Liquidity Dynamics: The effective circulating supply is lower than the total mined supply. This means that large buy orders can have a more pronounced impact on price, as there are fewer sellers willing to part with their coins at current valuations. Market Cycle Insights: Analysts often track the movement of old coins to gauge market sentiment. Periods where old coins start moving could signal profit-taking by long-term holders, potentially indicating a market top, or accumulation by new entrants, suggesting a bottom. The current inactivity suggests we are still in a phase of strong holding. Ultimately, the dormant Bitcoin supply is a testament to the long-term vision of its holders and a critical factor shaping its unique economic model and market behavior. Navigating the Landscape: Insights for Bitcoin Supply Investors For current and prospective investors, the significant inactive Bitcoin supply provides several key insights and actionable takeaways. Understanding this dynamic can help inform investment strategies and risk management. Benefits of a Large Dormant Supply: Reinforces Store of Value: The consistent holding behavior strengthens Bitcoin’s narrative as a reliable store of value, akin to gold, suitable for long-term wealth preservation. Indicates Market Maturity: A growing base of long-term holders suggests a maturing asset class that is less prone to speculative frenzy and more to fundamental adoption. Potential for Future Appreciation: The reduced circulating supply, coupled with increasing institutional and retail interest, creates a strong foundation for potential future price appreciation due to basic supply-demand economics. Challenges and Considerations: Unpredictable Supply Shocks: While unlikely, a sudden decision by a large, dormant wallet to sell could introduce significant selling pressure, impacting market stability. Security is Paramount: The existence of permanently lost coins highlights the critical importance of secure storage and meticulous management of private keys. Market Psychology: Understanding the ‘HODL’ mentality helps gauge overall market sentiment, but it’s not the only factor. External economic conditions and regulatory news also play a role. Actionable Insights for Investors: Embrace a Long-Term Perspective: For many, Bitcoin is a multi-year or even multi-decade investment. Aligning with the ‘HODL’ philosophy can mitigate the impact of short-term volatility. Prioritize Security: Invest in robust security measures for your Bitcoin supply , such as hardware wallets, and practice secure key management to prevent loss. Diversify Your Portfolio: While Bitcoin is a cornerstone, a diversified portfolio across various asset classes can help manage risk. Stay Informed on On-Chain Metrics: Keep an eye on analytics that track coin dormancy, exchange flows, and other on-chain data to gain deeper insights into market movements. The remarkable inactivity of a large portion of the Bitcoin supply is more than just a statistic; it’s a profound statement about the conviction of its holders and the inherent scarcity of this digital asset. It speaks to a long-term vision that transcends short-term market fluctuations, underpinning Bitcoin’s unique position in the global financial landscape. This trend reinforces Bitcoin’s role as a store of value, with a significant amount of its total supply effectively locked away by those who believe deeply in its future. As the world continues to grapple with economic uncertainties, the steadfastness of Bitcoin holders offers a compelling narrative for its enduring appeal and potential as a foundational asset for the digital age. Frequently Asked Questions (FAQs) 1. What does ‘inactive Bitcoin supply’ mean? Inactive Bitcoin supply refers to the amount of Bitcoin that has not moved from its wallet address for a specified period, in this case, over five years. It indicates that the owners are holding their coins without transacting them. 2. Why do people hold Bitcoin for such long periods? People hold Bitcoin for long periods primarily due to the ‘HODL’ philosophy, driven by strong conviction in its long-term value appreciation, its role as a digital store of value, and potential tax benefits from deferring capital gains. 3. How much Bitcoin is estimated to be permanently lost? An estimated 7.5% of the total Bitcoin supply is believed to be permanently lost. This can be due to forgotten private keys, accidental wallet deletions, hardware failures, or the death of owners without access plans. 4. Does inactive Bitcoin supply affect its price? Yes, a large inactive Bitcoin supply contributes to scarcity, as fewer coins are available for trading. This reduced circulating supply can exert upward pressure on Bitcoin’s price, especially when demand increases. 5. How can I avoid losing my Bitcoin? To avoid losing your Bitcoin, always back up your private keys or seed phrases securely, use reliable hardware wallets, and consider establishing an inheritance plan for your digital assets. Double-check addresses before sending transactions. 6. Is this trend of long-term holding unique to Bitcoin? While long-term holding exists in other assets, the scale and duration of inactivity seen with Bitcoin are particularly pronounced. This is largely due to its fixed supply, decentralized nature, and strong community belief in its potential as a foundational digital asset. Found this deep dive into Bitcoin’s dormant supply fascinating? Share this article with your friends, family, and fellow crypto enthusiasts on social media to spread awareness about this crucial aspect of the Bitcoin ecosystem! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Unlocking the Mystery: Over 30% of Bitcoin Supply Remains Dormant for Five Years first appeared on BitcoinWorld and is written by Editorial Team
XRP is showing strong bullish momentum after breaking out of a long-standing symmetrical triangle chart pattern , according to crypto on-chain analyst Ali Martinez, who published his analysis on July 21. Martinez pointed to a clear technical breakout on XRP’s daily chart, suggesting the token is now targeting the $6 level as its next key resistance. $XRP targets $6 after breaking out of a triangle! pic.twitter.com/8VJ5DD2eOE — Ali (@ali_charts) July 21, 2025 The chart accompanying his post, dated July 20, showed XRP surging past the upper boundary of the triangle, backed by rising volume and accelerating upward price action. Notably, the formation had been developing since late 2024, with XRP coiling between gradually narrowing support and resistance lines before decisively breaking out in mid-July. Technical targets derived from Fibonacci extension levels place the 1.618 level near $5, with higher confluences around $6.12. XRP is currently trading just above the $3.60 mark and holding above previous resistance levels, now acting as support. XRP 1-week chart. Source: TradingView What’s behind the XRP rally? The bullish breakout comes amid renewed optimism across the broader crypto market following the passage of the GENIUS Act, the United States’ first comprehensive crypto legislation signed into law by President Trump on July 18. Bitcoin, Ethereum, and other major assets have all posted significant gains over the past week, with XRP now catching up to lead altcoin momentum. XRP’s 24-hour trading volume stood at $9.2 billion, according to CoinMarketCap, reinforcing growing investor participation in the rally. The asset’s market capitalization now sits at $216 billion, placing it among the top-performing cryptocurrencies this month. If XRP maintains this trajectory and continues to hold above the breakout zone, it could reach the $4 to $5 range in the coming weeks, particularly if market sentiment remains supportive. The post XRP targets $6, says leading crypto analyst appeared first on Finbold .
Polymarket is set to re-enter the US market after buying derivatives exchange QCEX
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BitcoinWorld Polymarket’s Triumphant Return: Unlocking the U.S. Market After DOJ Investigation Closure The cryptocurrency world is buzzing with exhilarating news: Polymarket , the trailblazing decentralized prediction platform, is set to make a triumphant return to the U.S. market. This monumental comeback follows the pivotal decision by the U.S. Department of Justice (DOJ) to close its investigation into the company, clearing a significant hurdle for its operations. For anyone invested in the future of decentralized finance (DeFi) and the innovative realm of prediction markets, this development concerning Polymarket marks a pivotal moment, signaling a potential new era of growth and regulatory clarity. What Led to Polymarket’s Grand Re-entry? The journey for Polymarket has been one of innovation coupled with regulatory navigation. In 2022, the platform faced a significant challenge when the Commodity Futures Trading Commission (CFTC) ordered it to pay a civil monetary penalty and cease offering certain unregistered event-based swaps. This action highlighted the complex and often ambiguous regulatory landscape for decentralized applications (dApps) operating within U.S. borders. However, the recent news, initially reported by Unfolded on X, indicates a significant shift. The U.S. Department of Justice (DOJ) has officially closed its investigation into Polymarket . This decision is a monumental victory for the platform, as it removes a major cloud of uncertainty that had lingered over its U.S. operations. The closure of the DOJ investigation signifies that the federal government is no longer pursuing criminal charges or civil enforcement actions related to the company’s past activities, paving a clearer path forward. To solidify its re-entry and ensure future compliance, Polymarket is taking a strategic step: acquiring an existing exchange. This move is crucial because it allows Polymarket to leverage an established entity that likely already possesses the necessary licenses and operational frameworks to function within the U.S. regulatory environment. Rather than building a compliant infrastructure from scratch, which can be a lengthy and arduous process, this acquisition offers a fast-track solution. It demonstrates Polymarket ‘s commitment to operating within legal boundaries while continuing to offer its innovative prediction market services. How Will Polymarket Navigate the U.S. Regulatory Landscape? The U.S. regulatory environment for cryptocurrencies and decentralized platforms remains highly fragmented and complex. Various agencies, including the SEC, CFTC, and FinCEN, assert jurisdiction over different aspects of digital assets. For Polymarket , the challenge has always been to define itself and its offerings in a way that aligns with existing laws, particularly those governing commodities, securities, and gambling. The acquisition of an exchange is a sophisticated maneuver designed to address these complexities head-on. By integrating with an entity that already holds licenses and has established compliance protocols, Polymarket can potentially: Operate under existing regulatory frameworks: The acquired exchange likely has a history of compliance with U.S. financial regulations, providing a blueprint for Polymarket ‘s future operations. Mitigate future legal risks: Operating through a regulated entity can shield Polymarket from direct regulatory scrutiny, as the acquired entity bears the primary responsibility for compliance. Access traditional financial rails: A licensed exchange can facilitate easier on-ramps and off-ramps for users, connecting the decentralized platform to the traditional banking system in a compliant manner. Despite the positive development with the DOJ, Polymarket will still need to meticulously navigate state-specific regulations and ongoing federal interpretations. The crypto regulatory landscape is dynamic, and continuous adaptation will be key to Polymarket’s long-term success in the U.S. market. Their proactive approach in acquiring a compliant entity suggests a strong commitment to this ongoing challenge. What Does This Mean for Decentralized Prediction Markets and Polymarket Users? The return of Polymarket to the U.S. market carries significant implications for both its user base and the broader decentralized prediction market sector. For users, it means renewed access to a popular platform that offers a unique way to engage with current events, economic trends, and social phenomena by betting on future outcomes. Key benefits for users and the market include: Increased Accessibility: U.S. users, previously restricted or operating in a gray area, can now potentially participate more freely and confidently on Polymarket . Enhanced Liquidity: A larger user base from the U.S. can lead to deeper markets, tighter spreads, and more robust price discovery on various prediction events. Broader Market Variety: With increased operational certainty, Polymarket may be encouraged to offer an even wider array of prediction markets, catering to diverse interests. Validation for DeFi: Polymarket ‘s successful navigation of regulatory challenges provides a powerful precedent for other decentralized applications seeking to operate compliantly within established jurisdictions. To understand the unique value proposition, consider the fundamental differences between traditional betting and decentralized prediction markets: Feature Traditional Betting Platforms Decentralized Prediction Markets (e.g., Polymarket ) Centralization Centralized operator controls funds and outcomes. Decentralized protocols, smart contracts govern outcomes. Transparency Opaque odds setting and fund management. All transactions and market data on public blockchain. Accessibility Often geo-restricted, requires KYC/AML. Globally accessible (though some platforms restrict U.S. users). Regulation Highly regulated in most jurisdictions. Evolving regulatory landscape, often in a gray area. Payouts Manual processing, potential delays. Automated via smart contracts, instant upon resolution. This development reinforces the idea that decentralized platforms, even those operating in sensitive areas like prediction markets, can find pathways to legitimate operation within major economies. It’s a testament to the evolving understanding and acceptance of blockchain technology by regulatory bodies. The Future is Bright: What’s Next for Polymarket? With the DOJ investigation behind it and a clear strategy for U.S. re-entry through acquisition, the future looks exceptionally promising for Polymarket . This pivotal moment could usher in a period of accelerated growth and innovation for the platform. What can we expect next for Polymarket ? Product Expansion: The platform may introduce new types of markets, perhaps delving deeper into areas like sports, entertainment, or even more nuanced geopolitical events, leveraging its newfound regulatory clarity. User Growth Initiatives: Expect marketing campaigns aimed at re-engaging U.S. users and attracting new participants who were previously hesitant due to regulatory uncertainties. Technological Enhancements: Continued development of the underlying protocol to improve user experience, reduce gas fees, and enhance the overall efficiency of the prediction market ecosystem. Partnerships: Polymarket might seek collaborations with other DeFi projects, data providers, or traditional news outlets to enhance its market offerings and data accuracy. Community Engagement: As a decentralized platform, fostering a strong, active community will remain crucial for Polymarket ‘s long-term success, potentially involving more robust governance mechanisms. The successful return of Polymarket to the U.S. market is not just a win for one company; it’s a significant indicator for the entire decentralized finance industry. It signals that with diligent effort, strategic planning, and a commitment to compliance, even the most innovative and boundary-pushing dApps can find their place within established regulatory frameworks. This could set a precedent for future interactions between decentralized technologies and traditional legal systems, fostering a more mature and integrated crypto ecosystem. In conclusion, Polymarket ‘s journey from regulatory scrutiny to a triumphant U.S. re-entry through strategic acquisition marks a watershed moment. It underscores the resilience of decentralized innovation and the evolving understanding of digital assets by regulatory bodies. As Polymarket re-establishes its presence, it promises to inject new vitality into the prediction market space, offering exciting opportunities for users and paving the way for a more compliant and accessible future for DeFi in the United States. This development is a testament to the power of perseverance and strategic adaptation in the face of complex regulatory landscapes. Frequently Asked Questions (FAQs) 1. What is Polymarket? Polymarket is a decentralized prediction market platform built on blockchain technology. It allows users to bet on the outcome of real-world events, such as political elections, economic indicators, or scientific breakthroughs, using cryptocurrency. 2. Why was Polymarket under investigation by the DOJ? Polymarket faced scrutiny from U.S. regulators, including the DOJ and CFTC, primarily concerning whether its prediction markets constituted unregistered event-based swaps or illegal gambling operations under U.S. law. The recent DOJ investigation closure means the federal government is no longer pursuing criminal or civil actions against the company. 3. How does Polymarket’s acquisition of an exchange facilitate its U.S. return? By acquiring an existing exchange, Polymarket can leverage a pre-established entity that likely already holds the necessary licenses and has a compliant operational framework for operating within the U.S. financial regulatory environment. This strategy helps them navigate complex regulations more efficiently. 4. What are the implications for U.S. users of prediction markets? For U.S. users, Polymarket ‘s return means potentially clearer and more legitimate access to decentralized prediction markets. This could lead to increased participation, better liquidity, and a wider range of markets available for betting on various outcomes. 5. Is Polymarket fully compliant with U.S. regulations now? The closure of the DOJ investigation is a major step, and the acquisition of an exchange is a strategic move towards compliance. However, the U.S. regulatory landscape for crypto is complex and constantly evolving. Polymarket will need to maintain ongoing vigilance and adapt to new regulations to ensure continued compliance across all relevant jurisdictions. 6. What is the difference between traditional betting and decentralized prediction markets like Polymarket? Traditional betting platforms are centralized, with operators controlling funds and outcomes. Decentralized prediction markets like Polymarket use smart contracts on a blockchain for transparency and automated payouts, offering a more censorship-resistant and often globally accessible alternative. Did you find this article insightful? Share it with your friends and colleagues on social media to spread the word about Polymarket ‘s exciting return and the evolving landscape of decentralized finance! This post Polymarket’s Triumphant Return: Unlocking the U.S. Market After DOJ Investigation Closure first appeared on BitcoinWorld and is written by Editorial Team
SOL’s price is painting a textbook cup-and-handle pattern breakout with a price target of around $6,300.
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Crypto custody firm BitGo said it confidentially filed for an initial public offering in the U.S. The move comes as the digital asset market crossed a record high $4 trillion in total value last week. The filing, submitted just days after the market cap milestone, positions the Palo Alto, California-based company to join a growing list of digital asset firms heading to public markets. The demand is clear: Investors have been piling into crypto-related stocks in recent months, looking to capitalize on the sector’s renewed momentum. Founded in 2013, BitGo secures digital assets for institutional clients including exchanges, banks and investment firms. It’s widely regarded as one of the largest crypto custodians in the U.S. While not as visible to everyday investors as trading platforms, BitGo’s role as a behind-the-scenes vault has grown more critical as financial institutions become more active in the industry. This year’s rally in crypto asset prices — and progress toward regulatory frameworks in Washington — has spurred a wave of IPO activity. Stablecoin issuer Circle (CRCL) and trading platform eToro (ETOR) both went public recently and saw significant stock price appreciation. Circle’s shares have soared more than 630% since their listing, fueled by institutional adoption of its USDC stablecoin. Other firms are rushing to follow. Last week, crypto asset manager Grayscale said it had filed for an IPO . Crypto exchange Gemini made a similar move . Bullish exchange, a sister company to CoinDesk, on Friday announced plans to go public in the U.S. The companies are betting that Wall Street’s appetite for digital assets will continue even after the initial excitement fades. BitGo’s potential listing would give investors another pure-play crypto stock at a time when exposure to the industry has become a popular allocation. For now, no timeline or valuation has been announced. The company raised $100 million in August 2023 at a $1.75 billion valuation.