$BTC Bitcoin surpassed $113,000 for the first time. Why did this massive surge occur?

There are several interconnected reasons.

Massive inflows from large financial institutions began investing in Bitcoin after the launch of investment funds like the Crypto Blue Chip ETF, which combines Bitcoin, Ethereum, and Solana. This created a new level of confidence among large and small investors.

US policies have also become more flexible toward crypto, especially after the current administration announced its intention to support innovation and clear regulations instead of restrictions. This reassured the market and increased demand.

There is also an emotional component; many people see Bitcoin as akin to digital gold, a means of preserving the value of money in times of inflation and economic turmoil.

But at the same time, we must be aware that Bitcoin is by nature very volatile. It could correct again and decline slightly due to profit-taking or any negative news regarding regulations or the global economy.

If this trend continues, we may see Bitcoin break higher, but one must be prepared for volatility and not invest all their money in a single asset. Overall, what happened proves that Bitcoin has gone beyond being a mere digital currency and has become an integral part of the global financial system.