A massive $1 trillion hidden market is waiting to be unlocked in bitcoin, says new report
A new report indicates that a hidden market worth $1 trillion in Bitcoin remains untapped, primarily due to the significant amount of Bitcoin that is lost or held long-term by investors who are unlikely to sell. The report highlights that approximately 20% of the total Bitcoin supply, roughly 4 million BTC, is considered lost, while another substantial portion is held by long-term investors. This situation creates a scarcity effect, potentially driving up Bitcoin's value as demand increases. Analysts suggest that unlocking this hidden market could significantly impact the cryptocurrency's price and overall market dynamics.
Read the full article: CoinDesk