According to a new report by Fidelity, up to 42% of the current circulating supply of bitcoin could be illiquid by 2032. This means that roughly 8.3 million BTC will be off the open market and virtually inaccessible to ordinary investors. The reason for this is the increasing use of Bitcoin in corporate treasuries and the unwillingness of long-term holders to sell their coins.
Holdings of long-term hodlers and publicly traded companies are growing rapidly
Fidelity distinguishes two key groups that form the core of this illiquid supply: long-term holders who have had no need to move their coins for at least seven years, and publicly traded companies with more than 1,000 BTC. The number of such companies is growing rapidly and today they hold over 969,000 BTC, or about 4.6% of the total supply.
If the trend continues, these two groups could control over 6 million BTC by the end of 2025, representing more than 28% of the total supply of 21 million coins. By the second quarter of 2032, up to 8.3 million BTC could be illiquid, which could push the price up.
The unavailability of Bitcoin and the role of new technologies
This development also points to a growing concentration of capital in the hands of large players and the need for new technologies to work more efficiently with BTC. If most coins remain “locked” with hodlers and institutions in the long term, Layer-2 solutions will have to deliver speed, scalability, and programmability for Bitcoin to function as a financial infrastructure.
One of the projects that aims to fill this gap is Bitcoin Hyper (HYPER) – the fastest Bitcoin Layer-2, combining the security of Bitcoin with the performance of the Solana Virtual Machine. It has already raised over $16 million in presales, and the HYPER token can now be staked or purchased at a favorable price via ETH, SOL, USDT, USDC, BNB, or credit card, or you can use Best Wallet, where it is listed in the Upcoming Tokens section.
