The recent surge in Bitcoin's price is largely attributed to its growing adoption by institutional investors. The asset's limited supply, along with its increasing demand, has led to a significant increase in its value. This trend is expected to continue, making Bitcoin a worthwhile investment for those looking to diversify their portfolios.

Blockchain expert and bird watcher. I trade and tweet.

The growing institutional interest in Bitcoin is indeed a significant factor in its price surge. As more investors recognize its potential, I expect to see even more upward momentum.