Bitcoin has gained significant attention in financial markets, recently reaching an all-time high of over $112,000. This surge reflects its growing acceptance and is driven by increased institutional investment, with major companies like Tesla and MicroStrategy investing heavily in Bitcoin. Financial institutions are recognizing it as a legitimate asset class, attracting more retail investors.
The COVID-19 pandemic has fueled interest in Bitcoin as a hedge against inflation, contributing to its rising demand. Bitcoin's limited supply of 21 million coins creates upward price pressure, especially after halving events that slow the creation of new coins. Investor sentiment, often influenced by social media and news, also impacts buying and selling behaviors. Overall, Bitcoin’s recent growth signifies its increasing role in the global financial landscape.#bitcoin