Bitcoin supply and demand in 2025: Toward a market explosion?

What if we were just at the beginning of a new phase? This is what Robert Mitchnick, the head of BlackRock’s digital assets, predicts. As we begin in 2025, it is essential to look back at the significant events of 2024 and analyse what might happen in the coming months. Institutions and businesses have already laid a solid foundation in 2024, and the shock between supply and demand could be far more important than one imagines.

70% of Bitcoins are currently held by individualsThis shows that individuals still have significant control over this cryptocurrency. However, businesses, investment funds and governments are beginning to play an increasingly important role. Companies account for 3.9% of Bitcoin holders, investment funds via ETF 5.9%, and governments 1.5%. The United States and China are in the lead in terms of money laundering and terrorist financing seizures.

Satoshi Nakamoto, the presumed creator of Bitcoin, holds about 1 million bitcoins, much of which is considered lost. In addition, about 1.57 million bitcoins remain to be mined by 2140. With the arrival of new institutional investors, Bitcoin’s capitalization could further increase significantly.

Distribution of Bitcoin Holders

The distribution of Bitcoin holders is a key indicator for understanding market dynamics. 70% of Bitcoins are held by individualsThis shows that individuals still have significant control. However, businesses, investment funds and governments are beginning to play an increasingly significant role. Enterprises account for 3.9% of holders, investment funds via ETFs 5.9% and governments 1.5%. The United States and China are in the lead in terms of money laundering and terrorist financing seizures.

The impact of institutions on the market

Institutions and businesses started investing massively in Bitcoin in 2024. In 2024, companies purchased more than 50% of new mined bitcoins, which shows significant buying pressure. With the 2024 halving, the miners’ reward was divided by two, increasing to 3,125 bitcoins per block. In three years, this reward will be further divided by two, further reducing the supply of new bitcoins. This buying pressure, combined with a reduced offer, could result in a significant increase in Bitcoin price.

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The evolution of Bitcoin and the impact of companies on the market are subjects that attract much interest. Focusing on the evolution of Bitcoin and Bitcoin possessors, we see significant growth. Between the fourth quarter of 2023 and the first quarter of 2024, the number of Bitcoin owned by businesses more than doubled. In 2024, public enterprises now hold 590,000 Bitcoin, an increase of 127% over 2023. This massive adoption by companies shows that they are testing the market, especially with the ETFs launched in January 2024. These ETFs have been the most successful in history, which has strengthened investor confidence.

Business demand exceeds Bitcoin supply

In 2025, business appetite for Bitcoin far exceeded its production. The demand from companies exceeded the new Bitcoin offer, with 5,774 Bitcoin already purchased while only 5,469 were available. This situation creates a shock between supply and demand, exacerbated by the 2024 halving. Michael Saylor, head of MicroStrategy, is a striking example of this trend. His company owns 460,000 Bitcoin, or about 2% of the total offer. MicroStrategy continues to buy massively, thus showing steady investment power, even in low market times.

The impact of a single company on the market

MicroStrategy, with its 460,000 Bitcoin, shows the impact that a single company can have on the market. This may seem intimidating, but it opens the way for other companies to follow this example. For example, Meta (formerly Facebook) might consider investing in Bitcoin, given its $72 billion in cash that devalues with inflation. This trend could become more widespread, further strengthening the position of Bitcoin as a strategic asset for companies.

Instagram, Facebook, WhatsApp: These giants make up half the world with 3.5 billion active users. But that’s not all. Listed companies like Tesla and Block have already held a significant amount of Bitcoin for some time. Together, they own 141,302 Bitcoin. In addition, private companies such as SpaceX, owned by Elon Musk, own 368,043 Bitcoin. These companies account for less than 50% of the market, but their influence is undeniable.

A new rule, the ASZU 2023, was also introduced, allowing companies to revalue their Bitcoin assets up if its price increases. This rule removes an accounting barrier that slowed Bitcoin purchases in the past. With the growing acceptance of cryptocurrency by governments and society in general, Bitcoin becomes not only acceptable but also popular with companies.

Companies are buying more and more bitcoin, thus reducing the available supply. Individuals, on the other hand, buy on centralized platforms called exchanges, where bitcoin becomes less and less available. More than 15 million Bitcoin are illiquid, i.e. they cannot be traded on the market. Less than 5 million bitcoin remain liquid on trades. This is partly due to the fact that 70% of individuals leave their assets in Bitcoin on these platforms, not wishing to sell them.

This situation creates an imbalance between supply and demandWith less bitcoin available than demand. Institutions and governments are beginning to see Bitcoin as a way to protect themselves from inflation. Individuals, for their part, need to think about how to secure their assets to avoid losing control of their investments.

Business and Bitcoin

Companies like Tesla, Block, and SpaceX have already invested massively in Bitcoin. Together, they hold hundreds of thousands of bitcoin, representing a significant share of the market. The new ASZU 2023 rule allows companies to re-evaluate their Bitcoin assets upwards, which removes an accounting barrier that hindered purchases in the past. This growing acceptance of cryptocurrency by companies and governments shows that Bitcoin is becoming increasingly popular and acceptable.

Bitcoin supply and demand

Bitcoin’s offer available on trade decreases rapidly. More than 15 million Bitcoin are illiquid, i.e. they cannot be traded on the market. Less than 5 million bitcoin remain liquid on trades. This is partly due to the fact that 70% of individuals leave their assets in Bitcoin on these platforms, not wishing to sell them. This situation creates an imbalance between supply and demand, with less bitcoin available than demand.

Individuals and asset security

Individuals need to think about how to secure their assets in Bitcoin. With less bitcoin available on trades, it is crucial not to leave its assets on these platforms. Individuals need to consider secure storage solutions to avoid losing control of their investments. This situation also shows that Bitcoin is becoming increasingly rare, which could lead to an increase in its price in the future.

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