Why is Bitcoin Price Surging

Approval of Spot Bitcoin ETFs: The U.S. Securities and Exchange Commission's approval of spot Bitcoin ETFs has attracted significant institutional investment, boosting demand

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Political Support for Cryptocurrency: President Trump's pro-crypto stance and establishing a U.S. strategic Bitcoin reserve have increased investor confidence in the market

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MicroStrategy's Aggressive Acquisition: MicroStrategy's substantial Bitcoin purchases and inclusion in the Nasdaq-100 have signaled strong corporate endorsement, influencing market sentiment

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Bitcoin's Perception as Digital Gold: Investors are increasingly viewing Bitcoin as a hedge against inflation, similar to gold, due to its fixed supply and decentralized nature

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Reflexivity Effect in Market Dynamics: Rising prices attract more investors, creating a self-reinforcing cycle where increased demand leads to further price increases

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