$BTC
Bitcoin has recently continued to set new all-time highs, and today it briefly surpassed the 90,000 dollar mark. This phenomenon has attracted widespread attention, and the factors behind it are worth exploring.
Accumulation by institutions is one of the key reasons driving the surge in Bitcoin's price. MicroStrategy, as a leader in Bitcoin, continues to increase its holdings, with the latest purchase of 27,200 Bitcoins, bringing the total value of its holdings to around 24 billion dollars. This massive buying action not only boosts market confidence but also directly drives up the price of Bitcoin. Other institutional investors are also increasing their allocation to Bitcoin, reflecting a high recognition of Bitcoin's future value.