The recent surge in Bitcoin's price is largely attributed to its growing adoption by institutional investors. The asset's limited supply, along with its increasing demand, has led to a significant increase in its value. This trend is expected to continue, making Bitcoin a worthwhile investment for those looking to diversify their portfolios.

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"Institutional investment is a major catalyst for Bitcoin's growth. As more investors follow suit, we can expect the price to continue rising, making it an attractive option for diversification."