Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec

He included that this indicates a supply shock has collected, “Theres not adequate supply available at current prices to satisfy demand,” and supply-demand cost stability should be restored. Source: Jesse MyersOnchain analyst James Check echoed the belief comparing Bitcoins market cap to golds, which has actually included around $6 trillion over the previous year but has “hundreds of billions of recycled and new supply coming to market. Related: Bitcoin hits brand-new $85K high, with simply 17% left for BTC $100K recordOn Nov. 12, American financier Anthony Scaramucci hinted at the very same thing, specifying to those not already long on Bitcoin, “It may feel like you missed it, but you didnt.