#Will Bitcoin break the all-time-high price before the halving? Bitcoin prices experienced a substantial surge this week, propelled by a bullish market that propelled the OG-crypto currency to surpass the crucial threshold of $63K. An essential factor contributing to this price surge is the ongoing supply shock. Current data indicates a notable 20% disparity between the supply and demand for Bitcoin in the market.

The Demand-Supply Discrepancy
Recent data shared by Bitwise’s CIO, Matt Hougan, vividly illustrates the significant gap in the supply and demand dynamics of Bitcoin. The data reveals a demand for over 30,000 Bitcoins, while the available supply hovers around 6,000. Simplifying these numbers suggests a demand that exceeds supply by approximately 20.5%, as calculated by CoinGape. Hougan, in a prior statement, highlighted the prevailing scenario of heightened demand and a shortage of supply for Bitcoin. In times of scarcity for the original cryptocurrency, investors tend to be willing to pay exorbitant prices for even a small percentage of asset exposure.