Coinspeaker
Bitcoin Supply Shortage Scare Deepens amid US Bank’s Demand

Asher Genoot, the CEO of Hut 8, a prominent publicly traded Bitcoin mining company based in the US has revealed that several major banks have approached the firm to purchase Bitcoin directly from the miner. Speaking in an interview with DL News, his company has been contacted by several big banks. The banks’ recourse to Hut 8 for Bitcoin was a result of supply shortages which have been observed on various exchanges.

US Banks Demanding for Bitcoin

Approaching Hut 8 comes as a natural path as the company is one of the key Bitcoin miners in the industry. Speaking at the interview, Genoot noted that the team has “had banks reach out to us to try to buy our Bitcoin because of the supply shortages on these different exchanges.”

This he maintains has placed a strain on the availability of Bitcoin within traditional trading platforms in the crypto community.

Although Genoot was not forthcoming with the specific banks involved, he hinted that they are among the largest institutions in the financial sector.

Given that