Benzinga - An analysis of global Bitcoin (CRYPTO: BTC) ownership revealed that less than 40% of the total supply is considered liquid, with a growing number of people using the cryptocurrency as a store of value or an instrument of speculation.
Despite Bitcoin's widespread adoption, the majority of its supply is held by long-term investors, resulting in limited liquidity, according to a report by Coinshares.
According to the study, around 67% of the total Bitcoin supply has remained idle for over a year, while 25% has been inactive for over five years.
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This trend suggested the perception of Bitcoin as a store of value is increasing globally.
The analysis also found emerging and frontier markets boasted the highest reported per capita ownership of Bitcoin, while developed countries lag behind.
This is particularly noteworthy as it demonstrated Bitcoin is not primarily a Western phenomenon.
Demographically, Bitcoin ownership skews towards males under the age of 45, but data from the US and Canada indicate a trend towards greater diversity in both gender and age distribution.
This suggests that Bitcoin is gradually moving from being a niche asset to a more well-known investment with broader appeal.
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