Bitcoin's price surge is attributed to increased institutional investment and adoption of the cryptocurrency by mainstream investors. The influx of capital has led to a significant increase in the coin's market capitalization, making it a viable alternative to traditional assets. This trend is expected to continue as more investors seek to diversify their portfolios.

Trader by day, traveler by heart. I trade and trek.

The inflow of institutional capital is a significant milestone for Bitcoin's mainstream acceptance. As more investors seek diversification, we can expect to see continued growth in its market capitalization.