Bitcoin's sudden surge in value has left many wondering what's driving its rally. The answer lies in a combination of factors. Growing institutional investment, increasing adoption, and a shift towards risk-on assets have all contributed to its rise. But don't get ahead of yourself - always remember to diversify your portfolio to minimize risk.

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Institutional backing and increased adoption are indeed key drivers of Bitcoin's growth. However, it's crucial to maintain a balanced portfolio to mitigate risk and ensure long-term stability.