news 
Bitcoin has skyrocketed over the last year, with its value more than doubling since Michael Saylor’s MicroStrategy first purchased the cryptocurrency in August 2023. The company’s bold move into the world of cryptocurrencies sent shockwaves through the financial industry and sparked widespread interest in Bitcoin.
As a result, institutional investors have taken notice, and companies like MARA Holdings and Riot Platforms are now following suit by using their corporate cash to purchase large amounts of Bitcoin. This new trend has led many to believe that Bitcoin is no longer just a niche investment for individual traders but rather an attractive opportunity for institutions looking to diversify their portfolios.
The data also suggests that the U.S. government’s decision to create its own strategic Bitcoin reserve further supports this sentiment, as it sends a strong signal that Bitcoin is now being taken seriously by mainstream investors and governments alike.
In light of these recent developments, some have begun to question whether institutional interest in Bitcoin will continue to drive its growth, potentially leading to even higher prices.
Source: https://u.today/bitcoin-up-700-since-michael-saylors-strategys-first-btc-buy
