More than half of all bitcoin can't be tied to a known owner, Galaxy found
· macro · Sentiment: neutral
More than half of all Bitcoin remains unattached to any identifiable owner or entity, according to Galaxy Digital research. This high level of untraceable supply reflects widespread use of privacy tools, long-term hodling by early adopters, and coins lost to forgotten keys. The key implication is that Bitcoin’s effective liquid and attributable supply is far smaller than commonly assumed, reinforcing scarcity and potentially supporting stronger long-term price pressure as demand grows against a largely opaque and illiquid base.