The recent surge in Bitcoin reaching new historical highs is due to institutions and major players already positioning themselves for next week's legislation?

Next week marks the first 'Cryptocurrency Week' in the history of the crypto world! The three key legislations to focus on are the 'GENIUS Act', the 'Anti-CBDC Surveillance Nation Act', and the 'CLARITY Act'.

All of them have entered the final stages, and this set of combined policies will rewrite the history and future direction of the crypto market.

1. The 'GENIUS Act' can already be considered as having substantial grounding, establishing a more legitimate and compliant framework for stablecoin issuance. Since the news about this act began to be released last month, institutional funds have poured in significantly, Bitcoin spot ETFs have continued to attract capital, with $3.6 billion flowing in just one month to set a new historical high. The continued holdings by MicroStrategy also prove that the positive effects of the GENIUS Act are gradually being realized.

2. The 'Anti-CBDC Surveillance Nation Act', if implemented, might lead to a cliff-like drop in trading volumes for compliant exchanges due to privacy concerns, which would negatively impact altcoins and positively affect Bitcoin.

3. The 'CLARITY Act' will strengthen regulation, leading to the 'full securitization' of cryptocurrencies, making 'decentralization' become 'centralized'.