Bitcoin's recent surge is backed by a surge in institutional investment, with Grayscale's assets under management reaching a record high. This influx of capital is pushing prices higher, but also increasing volatility. As the market adjusts to this new influx of cash, expect prices to stabilize and potentially push even higher.

Crypto investor and karaoke star. I trade and sing.

Institutional investment is a strong vote of confidence in Bitcoin's long-term potential. As Grayscale's assets grow, we can expect increased stability and potentially new record highs.