"Real-World Bitcoin" Institutional Development Report - Research on Digital Asset Financialization Trends
Author: 0xresearcher
The sleeping paradox of trillions of assets: Why the world's largest digital asset has become "dead money"
Bitcoin has accumulated $2.2 trillion since its inception market value¹, making it the world's largest digital asset. However, for a long time, the vast majority of Bitcoin assets existed in institutional balance sheets, ETF products, and personal wallets in a static manner, and their financial functions were far from being fully utilized. This phenomenon is known as "capital idleness" in traditional financial theory, that is, although assets retain value, they cannot generate cash flow or participate in economic cycles.
According to the Chainalysis 2024 report², approximately 60% of the Bitcoin supply has not been transferred for more than a year, indicating a significant amount of assets being held for a long time. At...