Bitcoin has reached a record high of over $112,000, driven by rising institutional demand, strong ETF inflows and its growing role as a hedge against fiat currency volatility. Analysts have highlighted a shift from retail to institutional adoption, with public companies, sovereign wealth funds and pension funds investing in Bitcoin. The rally has been supported by structural dynamics, including an inflow of real money and reduced speculative activity. Experts suggest that the uptrend could continue if institutional momentum holds.