Bitcoin has broken $200,000, driven by spot ETF inflows. BlackRock's IBIT has accumulated over $50 billion in AUM.

Institutional Momentum

Major pension funds in Canada, Australia, and Switzerland have added Bitcoin allocations. Goldman Sachs targets $300K by year-end.

Market Dynamics

El Salvador's Bitcoin treasury has $2.4 billion in unrealized gains. Three additional countries are preparing legal tender legislation.