Bitcoin’s future supply could tighten significantly, with asset manager Fidelity forecasting that over 8.3 million BTC , roughly 42% of the circulating supply, may become “illiquid” by 2032 if current accumulation trends hold. Fidelity’s illiquidity projection In a report released on Sept. 15, Fidelity identified two cohorts consistently locking up Bitcoin, i.e., long-term holders who haven’t moved coins in at least seven years, and publicly traded companies holding over 1,000 BTC each. Together, these ...