According to the latest data shared by data analytics company Glassnode, more than 50 percent of the circulating Bitcoin supply has been dormant for two years.
Crypto influencer Anthony Pompliano referred to Glassnode data in his post on April 10. Pompliano pointed out that these metrics shared by the data platform are at an all-time high.
There Are BTCs That Haven’t Moved For Years
Anthony Pompliano also touched on Bitcoins that have not moved for 5 to 10 years.
According to the data, almost 29 percent of Bitcoin’s circulating supply has not been moved in the past five years. That means more than 5.6 million BTC worth about $158 billion.
According to the data, approximately 2.7 million BTC worth $76 billion remained untouched in the last 10 years. Pompliano mentioned that these Bitcoins could potentially be lost or are in the hands of the most disciplined investors in the world. Some community members say that BTC holders bought when it was at an all-time high and are waiting for the right time to sell.
In addition, the word Bitcoin recently took the lead among the most popular search terms in the United States, indicating that Americans have been curious about Bitcoin lately. Bitcoin has outstripped other trending keywords such as former US president Donald Trump and American singer Elvis Presley.
The surge in American search interest for Bitcoin came after the US Federal Reserve confirmed the launch of the FedNow payment system. The US government announced on March 16 that the instant payment platform would be launched in July.
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