"Real-World Bitcoin" Institutional Development Report - Research on Digital Asset Financialization Trends
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Sleeping Paradox of > Trillion Assets: Why the World's Largest Digital Asset Became "Dead Money"
Bitcoin has accumulated a market value of $2.2 trillion since its inception¹, 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 holding, 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 the same time, institutional investors' demand for Bitcoin allocation continues to grow, but there is a lack of suitable...