Bitcoin has surged over 153% year-to-date, outperforming major tech companies, but remains 39% below its all-time high. The cryptocurrency has reached new highs in countries like Argentina, Turkey, Egypt, Nigeria, Lebanon, and Pakistan due to high inflationary pressures devaluing their currencies. Bitcoin has become a reliable store of value and hedge against inflation for many investors in these countries. Argentina's recent presidential election saw pro-Bitcoin candidate Javier Milei win, likely boosting the country's Bitcoin adoption. Meanwhile, increased institutional adoption and a favorable regulatory landscape in the U.S. contribute to widespread optimism surrounding Bitcoin.