Bitcoin $BTC Hits All-Time High as Institutional Adoption Accelerates
Bitcoin $BTC has surged to a record-breaking high above $118,000, propelled by rising institutional demand and its growing reputation as a digital safe-haven, often compared to gold. This surge comes amid ongoing economic uncertainty and global geopolitical tensions.
Institutional participation continues to gain momentum. Bitcoin$BTC ETFs have seen consistent inflows, attracting $200 million daily for three days straight, pushing total inflows to $49.86 billion. Leading this charge is BlackRock’s iShares Bitcoin Trust.
Corporate adoption is also picking up. Sequans Communications raised $384 million to acquire Bitcoin, sending its stock soaring, while American Bitcoin, a subsidiary of Hut 8, secured $220 million to fund mining operations and expand its treasury holdings.
Still, challenges remain. Tariff risks from Donald Trump’s proposed trade policies and concerns over excessive executive pay in mining firms have sparked shareholder criticism and caution.
Despite near-term volatility, analyst#s remain optimistic, forecasting Bitcoin could climb as high as $145,167 by year-end. Others, however, caution that a pullback to $80,000 remains possible in the short term.
