Nearly 30% of All Bitcoins Could Be Ancient by 2035 – Why Does it Matter?

According to a new report from Fidelity, 17% of all BTC officially counts as “ancient Bitcoin,” meaning it has not moved in at least ten years. These assets are worth around $360 billion. Worryingly, Fidelity claims that more BTC is becoming ancient per day than new miners can replace it. Between this trend and corporate acquisitions, Bitcoin’s function as a circulating currency may be in danger source: https://beincrypto.com/ancient-bitcoin-supply-fidelity-report/