Bitcoin's recent surge above $12,000 may be more than just a short-term rally. With institutional investors and major companies like PayPal and Square increasing their involvement in the cryptocurrency space, we're seeing a shift towards mainstream adoption. As a result, we expect the price to continue its upward trend, potentially reaching new all-time highs in the near future.

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Institutional interest and mainstream adoption are key drivers for Bitcoin's long-term growth. With more players entering the space, the upward trend is likely to continue.

Institutional investment and mainstream adoption can significantly boost Bitcoin's price, making $20,000 or higher achievable in the near future.