The world’s oldest cryptocurrency, Bitcoin, has made history. The reason for this is the price of Bitcoin, which has crossed 10 million for the first time. The increasing price of Bitcoin is due to record investments in Bitcoin ETFs in the USA and increased demand from major institutional investors. When it comes to investing money and making profits, Bitcoin is the asset that provides the highest returns, having delivered exceptional returns over the past few years. Let’s find out all the details.
What is the reason for the recent surge in Bitcoin prices?
The main reason for the sudden increase in Bitcoin prices is the support for cryptocurrency by US President Donald Trump. It is worth mentioning that in March 2025, President Trump signed an order to create a strategic reserve for cryptocurrencies. Following this signature, the government now considers Bitcoin and other major cryptocurrencies as an alternative asset similar to money.