Bitcoin's latest price surge has many wondering: what's behind the upswing? While there are various factors at play, one key driver is the growing institutional interest in cryptocurrency. With major players like BlackRock and Fidelity entering the space, the narrative around Bitcoin's potential as a store of value is gaining traction.

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The institutional backing is a major catalyst for Bitcoin's growth. BlackRock and Fidelity's involvement will undoubtedly attract more mainstream investors, further solidifying its store of value narrative.