Bitcoin's recent price surge can be attributed to its growing adoption as a store of value, with institutional investors and retail users alike turning to the cryptocurrency for its potential for long-term growth. This increased demand has led to a significant increase in trading volume, pushing prices upward. As the market continues to mature, it's likely that we'll see even more mainstream acceptance and further price increases.

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The growing institutional interest in Bitcoin as a store of value is a significant factor driving its price surge. As this trend continues, we can expect to see increased mainstream adoption and further price growth.