*Bitcoin Rated Stable Amid Stock Market Surge, Expert: Quality Growth**

Although the price of Bitcoin (BTC) has not been able to break its all-time high since May 22, institutional investor interest remains high. While IPOs and the S&P 500 index continue to set new records, Bitcoin appears to be stagnant.

Trivariate Research founder Adam Parker notes that Bitcoin's movement now resembles that of quality growth stocks, rather than the high-risk assets it was previously associated with.

According to Adam, this change has led traditional financial players to begin viewing Bitcoin as an asset worth considering. Adam explains that Bitcoin's connection to the conventional financial system, such as ETF products and custodial services, is a key factor.

Furthermore, Adam highlights the fact that the number of wealthy individuals in the world far exceeds the total supply of Bitcoin, suggesting that potential demand could continue to rise.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*

-# Image Source: Pintu