Bitcoin recently reached an all-time high of $106.5K, reflecting a significant surge in its value. This peak represents roughly a 77% increase over a nine-week period starting from October 10th, 2024. Such a remarkable rise indicates growing institutional interest.
Khurram Shroff commented on how companies like Apple and Tesla are doubling their Bitcoin reserves, suggesting a strong belief in its future potential. Shroff's observation underscores a wave of confidence among major corporations in integrating Bitcoin into their financial strategies, thus contributing to its soaring market value.
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