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The Rise of Bitcoin’s Elusive Supply: A Look at Glassnode’s Data

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According to reports, according to Glassnode data, the last active supply of BTC has just reached 2727101.621 BTC for more than 10 years, setting a new historical high.
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The Rise of Bitcoins Elusive Supply: A Look at Glassnodes Data

According to reports, according to Glassnode data, the last active supply of BTC has just reached 2727101.621 BTC for more than 10 years, setting a new historical high.

BTC’s last active supply has reached a historic high for over 10 years

Bitcoin’s elusive supply has been a topic of fascination for years. As the cryptocurrency continues to gain more mainstream attention, investors are paying closer attention to how much of its supply is actually accessible. According to recent reports, Glassnode’s data revealed that the last active supply of BTC has just reached 2,727,101.621 BTC for more than 10 years, setting a new historical high. This milestone highlights the potential impact that the elusive supply could have on Bitcoin’s future value. In this article, we’ll dive into Glassnode’s data and explore what this new historical high means for Bitcoin’s future.

What is the Elusive Supply of Bitcoin?

Before we dive into Glassnode’s data, it’s important to understand what the elusive supply of Bitcoin is. This term refers to the amount of BTC that has not been moved or spent for a significant period of time. The exact length of time that qualifies as “significant” can vary, but generally speaking, an inactive BTC supply is considered “elusive” if it hasn’t been touched for at least 5-10 years.

Understanding Glassnode’s Data

Glassnode is a blockchain analytics provider that tracks the movement of BTC on the Bitcoin blockchain. Their data is widely respected in the cryptocurrency community for providing real-time insights into Bitcoin’s behavior. Recently, they published a report that highlighted a new historical high in the elusive supply of BTC.
According to Glassnode’s data, the last active supply of BTC has reached 2,727,101.621 BTC as of the time of this writing. This represents a significant portion of Bitcoin’s total circulating supply, which currently sits at around 18.6 million BTC. The fact that such a significant amount of BTC has remained inactive for such a long period of time is a testament to Bitcoin’s value as a store of wealth.

The Potential Impact on Bitcoin’s Future Value

So, what does this new historical high in the elusive supply of BTC mean for Bitcoin’s future value? While it’s impossible to say for sure, there are a few potential scenarios to consider.
On one hand, the fact that so much BTC is tied up in the elusive supply could create a supply shortage in the future. As more people become interested in Bitcoin and demand increases, the limited supply could drive up prices. This is the basic principle of supply and demand, and it’s a key reason why some investors believe that Bitcoin’s future value has the potential to be very high.
On the other hand, it’s possible that the elusive supply may never be touched at all. If the BTC holders who own this supply never decide to sell or spend their coins, then they won’t have any impact on Bitcoin’s overall value. However, this seems unlikely given the increasing interest in Bitcoin and the potential for significant returns on investment.

Conclusion

In conclusion, Glassnode’s data on the elusive supply of BTC provides valuable insights into the behavior of Bitcoin’s stakeholders. The fact that so much BTC has remained inactive for such a long period of time is a testament to the cryptocurrency’s value as a store of wealth. While it’s impossible to predict exactly how this historical high will impact Bitcoin’s future value, it’s clear that the elusive supply remains an important factor to watch for investors and enthusiasts alike.

FAQs

**Q: What is Bitcoin’s elusive supply?**
A: Bitcoin’s elusive supply refers to the amount of BTC that has not been moved or spent for a significant period of time. This supply is considered “elusive” if it hasn’t been touched for at least 5-10 years.
**Q: Why is the elusive supply important?**
A: The elusive supply is important because it provides insights into how Bitcoin’s stakeholders are behaving. If a significant amount of BTC is tied up in the elusive supply, it could create a supply shortage in the future and drive up prices.
**Q: Does the elusive supply have any impact on Bitcoin’s future value?**
A: It’s impossible to predict exactly how the elusive supply will impact Bitcoin’s future value. However, the fact that so much BTC has remained inactive for such a long period of time suggests that Bitcoin has value as a store of wealth.

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