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Fidelity: Bitcoin's illiquid supply could reach 8.30 million by 2032

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2025-09-16 06:45:37
Asset management firm Fidelity expects a circulating supply of about 19.80 million bitcoins by the end of the second quarter of 2025, with an illiquid supply of more than 6 million BTC by the end of the year, following strong buying by Bitcoin Finance. Nearly 42% of these bitcoins, or more than 8.30 million, will be considered illiquid by the second quarter of 2032.
The company arrived at this figure on the assumption that the wallet community that has held BTC for at least seven years will continue to increase its supply at the same rate as in the past decade. At the same time, it does not take into account the additional supply shortage caused by more public companies.
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