Investor enthusiasm around Bitcoin has surged with rising prices, significantly buoyed by support from influential political figures and favorable regulatory developments regarding retail ETFs.
The Securities and Exchange Commission's approval of retail ETFs has enabled substantial investment inflows into Bitcoin, driving up its value significantly from around $25,000 just a year ago.
Former President Trump's backing has played an essential role in revitalizing interest in the crypto market, contributing to what some call a mania for Bitcoin as it approaches $100,000.
The dramatic increase in Bitcoin's price reflects a combination of regulatory changes, market speculation, and public sentiment, as it transitions from skepticism towards a new wave of investment.
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