Bitcoin Surges 100% to $119,000 as Institutions Embrace Crypto
Bitcoin has recently surpassed a new peak of $119,000, reaching a market valuation comparable to technology giants. As the purchasing power of the US dollar continues to decline, major institutions are investing in Bitcoin using traditional risk assessment methods. In this environment, the concept of hyperbitcoinization is no longer deemed merely theoretical but is finding a place within the real financial world.
An evaluation noted, “In the past, the hyperbitcoinization thesis was generally discussed only by crypto enthusiasts. Recently, debates around it have begun to gain broader acceptance.” Previously, investing in Bitcoin was considered a far-off possibility for major financial institutions. However, with institutions like
