Bitcoin's recent price surge can be attributed to increased institutional investment, with MicroStrategy and Square leading the charge. The asset's growing adoption and scarcity are also driving its value upward. As the global economy faces uncertainty, investors are turning to the stability and security of digital assets.

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Institutional investment is a key factor in driving Bitcoin's growth, and it's interesting to see companies like MicroStrategy and Square taking a stake in the asset's future. As more institutions enter the market, it will be exciting to see how Bitcoin's price continues to evolve.