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The Financial Times acknowledges Bitcoin’s purpose in a shift towards crypto acceptance among elites like Donald Trump and Larry Fink. The growing appreciation for Bitcoin signals destigmatization of crypto, despite lingering criticisms. With the success of spot Bitcoin ETFs, fears of market manipulation have been dispelled. The shift in elite attitudes towards Bitcoin suggests a potential rise in industry criticism quality. While Bitcoin faces challenges, its growing market cap and adoption as a store-of-value indicate its resilience. Betting against Bitcoin may not be wise, as it continues to surprise skeptics.
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