It's the other way around. Bitcoin is rising because it's being accepted by treasuries and institutions as an investment, and it is also following the price app

It's the other way around. Bitcoin is rising because it's being accepted by treasuries and institutions as an investment, and it is also following the price appreciation cycle from the last halving event. Everything in crypto is following bitcoin. NFTs were invented a long time ago, but they're popular now because of the bull cycle.