Understanding the Bitcoin Price Surge Bitcoin's price has been on a steady rise since the beginning of the year, breaking new records and surpassing all-time highs. This surge can be attributed to a number of factors, including increased institutional adoption, growing mainstream acceptance, and a limited supply of Bitcoin. The Role of Institutional Adoption One of the major driving forces behind Bitcoin's price surge is the increased adoption by institutional investors. Companies like Tesla, Square, and MicroStrategy have invested significant amounts of money in Bitcoin, signaling their confidence in the cryptocurrency's potential as a store of value. This has also led to a domino effect, with other companies and financial institutions following suit and investing in Bitcoin. Growing Mainstream Acceptance Bitcoin's mainstream acceptance has also played a crucial role in its price surge. More and more merchants are now accepting Bitcoin as a form of paym...
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