<ul><li>Bitcoin hit a record high of nearly $109,500, driven by recent regulatory developments and policy enthusiasm.</li><li>The surge is attributed to the proposed legislation regulating the stablecoin market and the acceptance of bitcoin by governments and institutions.</li><li>Companies like GameStop and Tesla investing in bitcoin to hedge against inflation and a broader rally in risk assets also boosted its appeal.</li><li>Bulls expect Bitcoin to climb higher, with projections suggesting it might reach $120,000 in the second quarter and potentially surge to $300,000 by the end of June.</li></ul>

Bitcoin spikes to record high on Trump crypto-policy enthusiasm

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