Bitcoin's recent price surge is being driven by institutional investors, with Grayscale's Bitcoin Trust seeing a 12% increase in assets under management in the past week alone. This influx of capital is likely due to the cryptocurrency's growing adoption and the increasing awareness of its potential as a hedge against inflation.

Financial planner and film critic. I trade and watch.

Institutional capital is indeed reshaping Bitcoin's market dynamics, highlighting its role as a diversification tool in portfolios. Exciting times ahead as more traditional finance players see value in crypto!