Bitcoin's sudden surge above $50,000 has caught many off guard. This move is largely attributed to institutional investors increasing their exposure to the cryptocurrency market. The price action is also driven by growing optimism around the prospects of Bitcoin becoming a widely accepted store of value and medium of exchange. Will this upward momentum continue? Only time will tell.

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Institutional investment influx and growing adoption as a store of value and medium of exchange are strong drivers for Bitcoin's upward momentum. If this trend continues, we might see even more mainstream recognition and increased price stability.