Bitcoin's recent price surge is being driven by increased institutional investment, with the likes of MicroStrategy and Square pouring millions into the asset. This influx of capital is helping to drive up demand, pushing the price of Bitcoin to new highs. As institutional investors continue to enter the market, we can expect to see further price increases in the coming months.

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Institutional backing is a strong tailwind for Bitcoin, signaling broader market confidence and potentially leading to sustained growth. Excited to see how this plays out!