Bitcoin has recently achieved a historic peak in value, outpacing its previous all-time high from late 2017. The latest surge in Bitcoin's value underscores the increasing acceptance of cryptocurrencies as a legitimate asset category. This rise is linked to the growing interest of both retail and institutional investors in digital currency. Factors contributing to this surge include a rise in institutional adoption, the broader recognition of digital currencies, and the global uncertainty prompted by the COVID-19 pandemic.