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There are a few main factors contributing to Bitcoin’s recent surge:
1. Institutional Interest: Large companies like Tesla, MicroStrategy, and Square have recently invested billions of dollars into Bitcoin, causing a surge in the price. Additionally, Wall Street giants such as BNY Mellon have started to provide Bitcoin services. This has provided legitimacy and further boosted the market sentiment.
2. Shortage of Supply: With a maximum limit of 21 million bitcoins, demand is outstripping the supply, causing the prices