Bitcoin skyrocketing refers to a rapid price surge driven by institutional adoption, inflation fears, and supply-demand dynamics. With a fixed supply of 21 million coins, scarcity boosts its value, especially after halving events. Mainstream acceptance, regulatory approvals, and technological advancements further drive demand. Retail hype, FOMO, and social media trends amplify buying pressure. Economic instability pushes investors toward Bitcoin as a hedge against inflation. Positive developments, such as Bitcoin ETFs or corporate investments, fuel momentum. However, Bitcoin remains highly volatile, with sharp corrections often following surges. Its long-term growth depends on adoption, regulation, and global economic conditions.