Bitcoin Breaks New Highs: Driven by Institutional and Governmental Support

Bitcoin has surged past $123,000 this week, reaching a new all-time high, as investors capitalize on ongoing institutional support. The surge is fueled by strong inflows of funds into Bitcoin Exchange Traded Funds (ETFs), corporate investment strategies incorporating Bitcoin, and favorable government policies. According to global financial advisor deVere Group, this upward trend could reach $150,000 by the end of 2025. Bitcoin’s impressive growth over the year is attributed to these factors, with its value increasing by over 31% since January, marking a significant jump from its market low in April. This rise also coincides with the growing integration of Bitcoin into various investment strategies across public companies and government portfolios.