The recent surge in Bitcoin’s price to a new all-time high has led to increased buying pressure among investors, particularly big banks. However, there is a shortage of available Bitcoin on exchanges, causing banks to struggle to find enough coins to purchase. This supply shortage has forced banks to reach out to Bitcoin miners directly in an attempt to acquire more coins, but even miners are reluctant to sell at current high prices.
The scarcity of available Bitcoin has the potential to create a “supply shock” in the market, driving prices even higher as demand continues to outpace supply. This situation is further compounded by the upcoming Bitcoin halving event, which will reduce the supply of new coins entering the market. As a result, investors and banks are increasingly eager to secure their holdings of Bitcoin in anticipation of potential price surges in the future.
Overall, the current market dynamics indicate a strong bullish sentiment towards Bitcoin, with the potential for further price increases as demand for the cryptocurrency remains high. The struggle to find available Bitcoin for purchase highlights the growing interest in digital assets among institutional investors, signaling a shift towards greater adoption and acceptance of cryptocurrencies in traditional financial circles.