Bitcoin Draws Global Attention with Institutional Support

The growing interest in digital currencies in 2023 has placed Bitcoin at the center of institutional attraction, with corporate giants and exchange-traded funds (ETFs) aggressively expanding their holdings. This increased demand is outstripping the rate at which new bitcoins are mined, prompting Michael Saylor, the chairman of Strategy, to suggest a potential price surge by year-end due to this supply-demand mismatch.