BitWise and Utxo Management Project that 20% of all Bitcoin (BTC) could migrate to institutional balance sheets by the end of 2026, according to a new report Published by Bitwise and Utxo Management on 23 May.
The study, called “the game theory of hyperbitcoinization”, models five demand channels for Bitcoin.
Nation states are at the top of the list of a allocation of $ 161.7 billion built on a 5% swap of existing gold reserves in Bitcoin, equal to 1.62 million BTC, or 7.7% of the 21 million-coin cap.
Registration management platforms that supervise around $ 60 trillion can lead $ 120 billion to Spot Bitcoin-exchange-related funds if customers opt for a position of 0.2%.
Public companies that are already in force More than 600,000 BTC jointAnother 1.18 million coins ($ 117.8 billion) could add as fair accounting rules and peer competition that has strengthened the treasury acceptance.
In the meantime, 13 bills from the US state reserve translate into a modeled purchase of $ 19.6 billion, while sovereign workness funds a basic case of $ 7.8 billion account. The combined streams a total of $ 427 billion, around 4.27 million BTC, or 20% of the offer.
Path to 20% from Bitcoin Supply by 2026
BitWise and UTXO quoted the first-year performance of Spot Bitcoin-exchange-related funds (ETFs) in the US, which pulled $ 36.2 billion in net intake and exceeded gold-ETF assets in a twentyth time SPDR-gold shares that are needed after the launch.
The report argued that large wire houses and private banks will soon open ETF access, so that sleeping interest rate will be converted into orders.
As soon as Holdings accumulates, the report anticipates a pivot point to BTC-through-searched yield. It appreciates the emerging Bitcoin-Financial market for $ 100 billion if only 5% of a bitcoin capitalization of $ 2 trillion on chain loans, basic trade or bridge manager is looking.
Companies such as strategy and metaplanet use these tools to expand reserves without a new issue of shares.
Favorable policy in the US
In addition, policy initiatives add a structural offer. The Bitcoin Act, re -introduced by Senator Cynthia Lummis in March, would lead to the treasury Buy 200,000 BTC for five years annually.
In the meantime, President Donald Trump signed an executive order in March for a Strategic bitcoin reserve with 198,000 seized coins.
Parallel state accounts CAP BTC with a maximum of 10% of the rainy funds, and strengthens what the authors describe as a game theory loop. Each cohort that collects removes the circulating power supply, lifts price floors and printing behind peers lagging behind.
BitWise and UTXO conclude that the interplay under sovereigns, companies and capital platforms could go into acceptance that go beyond speculative trade in portfolio asscans and public financing policy.
The report contains this progression as a step towards ‘hyperbitcoinization’, which will be powered by balance management instead of market sentiment and results in institutions that collect approximately 20% of the Bitcoin offering by 2026.
