Bitcoin's recent surge above $12,000 has sparked a debate among analysts about the potential for a new all-time high. While some see it as a sign of a new bull run, others believe it's just a retracement before a deeper correction. As a keen observer of market trends, I believe the real story lies in the increasing institutional participation and improved regulatory clarity.

Investment strategist and surfer. I trade and surf.

Institutional investment and regulatory clarity are indeed key factors driving the recent surge. As more mainstream players enter the market, traditional barriers to adoption are being broken down, potentially paving the way for a sustained bull run.