The launch of Coinbase in 2011, institutional custodianship from firms like Fidelity, and the approval of spot Bitcoin ETFs have contributed to Bitcoin's growing credibility.
The establishment of the Strategic Bitcoin Reserve has effectively alleviated concerns about government bans on Bitcoin.
Trump's executive order created the U.S. Strategic Bitcoin Reserve, holding 103,500 BTC and reducing the risk of government bans.
Increased investor confidence in Bitcoin has led to a shift in behavior, with clients increasing their Bitcoin allocation and recognizing its reduced risk and long-term potential.