Banks Want to Buy BTC from Miners, Indicating Supply Shortage, Says Hut8 Mining CEO
Hut 8, one of the largest Bitcoin miners, has revealed that major banks are now directly contacting miners to buy BTC, as DL News reports
Recent institutional interest in Bitcoin and the Spot ETFs, led by Larry Fink and his iShares IIBIT, seems to have triggered increased demand for the leading cryptocurrency.
Related: Market Analyst Pav Hundal Says Fundamentals Haven't Changed in Recent Market Update
Hut 8, one of the largest Bitcoin miners, has revealed that major banks are now directly contacting miners to buy BTC, as DL News reports.
According to the publication, the CEO of Hut 8, Asher Genoot, said that some of the largest banks had been in contact to buy some of the company’s BTC holdings and were also interested in mining operations and capacity.
