Bitcoin has soared past the $123,000 mark this week, fueled by a surge in institutional investment and favorable regulatory environments. This latest price spike comes amid increased buying activity from corporations, governments, and influential investors, signaling growing confidence in Bitcoin’s long-term potential. 2021 witnessed similar surges following policy announcements supporting cryptocurrencies, suggesting that government strategies play a significant role in driving cryptocurrency performance. Key contributors to the recent surge include large institutional investments, notably those from Strategy’s record $77.2 billion Bitcoin holdings, along with supportive U.S. policies under former President Trump, which have further boosted market confidence. Bitcoin’s price momentum is expected to continue as investors anticipate further developments in this dynamic space.