I guess it’s true that some institutions and people are hedging their bets and investing into Bitcoin. However, Bitcoin has been so volatile, rising up and down in value so much and so fast, that I don’t know how much of a safe bet it really is. Most people I know who invested in it didn’t do it because they saw some fundamental value in it, but rather as a gamble, gambling that it would rise in price and they could then exchange it into piles of real currency. Some made money, while the majority ended up losing a lot of money.