Half of bitcoins have been without movement for two years

The proportion of bitcoins that have not moved in the past two years has reached an all-time high of 53%. Glassnode data drew the attention of Morgan Creek Digital co-founder Anthony Pompliano.

The entrepreneur noted that for a five-year period, the figure is 29%, and for ten years – a little less than 15%.

“More than 2.7 million BTC are lost, forgotten, or in the hands of the most disciplined investors in the world,” Pompliano said.

Some commentators have suggested that many bitcoin holders have bought the asset at prices above current levels and are expecting a rise in order to turn a profit. Two years ago, in April 2021, the cryptocurrency was trading around $58,000 (CoinGecko). At the time of writing, quotes are close to $28,300.

Pompliano doubted that most owners of real estate bitcoins in recent years fall into this category.

Earlier, Cane Island Alternative Advisors analyst Timothy Peterson stated that 6 million BTC were irretrievably lost – approximately 31% of the 19.3 million coins mined.

In April 2020, Coinmetrics calculated that 2.3 million BTC out of the 18.3 million BTC mined at that time were lost forever.

Source: CryptoNewsHerald.com

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