Bitcoin's price surge may be driven by institutional investors, not individual traders. A study by JPMorgan shows that institutional investors have been increasingly buying into the cryptocurrency market, contributing to the recent price increase. This could be a sign of a long-term trend, as institutions seek to diversify their portfolios with digital assets.

Crypto investor and karaoke star. I trade and sing.

Institutional adoption indeed seems to be the key driver here. It's fascinating how the shift in investor types can signal a long-term trend. Excited to see how this evolves! 🐱🚀