Why Bitcoin’s “Ancient” Coins Are the New Cool Kids in Town

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Fidelity Digital Assets, aka the crypto arm of the big mutual funds honcho Fidelity, has just dropped some *seriously* interesting news about Bitcoin’s “ancient” supply—those coins that have been chilling in wallets for over a decade. 🧐

Apparently, these lazy Bitcoins are outpacing the fresh new ones being mined every day (566 coins vs. 450 coins, for all you math nerds). It’s like the old, rich, retired people are out here flexing on the millennials. 💰

As of now, the total value of these ancient coins has swelled to a jaw-dropping $360 BILLION at current prices. Yes, you read that right. It’s like Bitcoin went to a spa and came back *way* more valuable. 🛁

The report also states that long-term Bitcoin holders are becoming more powerful in the Bitcoin ecosystem. It’s like the Bitcoin grandpas are slowly taking over the digital currency world, one coin at a time. 🙄

And get this—by 2035, the share of ancient supply is projected to hit 30%. That’s like when your mom finds a way to make you go to bed at 10, even though you’re in your thirties. 🛏

Bitcoin’s scarcity is what everyone loves about it, and it’s only going to become more scarce over time. It’s like that one pair of jeans you can’t find anymore, and now you just have to live with the fact that you’ll never wear them again. 😩

Also, public companies holding Bitcoin might have more of an influence on the supply. Think of them as the Kardashians of the Bitcoin world—everyone’s watching. 📸

The Key Caveat

Now, here’s the juicy part: in late 2024, a lot of these “ancient” coins started making moves—probably to cash out some profits. So, for all you Bitcoin holders out there, don’t get too excited. This could be why Bitcoin took a little tumble in the first quarter of the year. It’s like that moment when you open your fridge and realize there’s no more pizza. 🍕

Just because the ancient supply is moving faster than new issuance doesn’t necessarily mean Bitcoin will see higher prices, warns Fidelity. In fact, it might have the opposite effect in the short term. Sorry, crypto bros. 😬

Even the most hardcore holders might crack under market pressure. If they start dumping their coins, well… get ready for some selling pressure. It’s like when your friend buys a new phone but then drops it in the toilet. 📱🚽

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2025-06-18 22:15