Bitcoin Gains Unexpected Allies As Financial Giants Turn From Skeptics To Supporters

Published by
Benzinga

Bitcoin (CRYPTO: BTC), the world’s largest digital currency with a market cap of more than $592 billion, has seen a remarkable rise in popularity and value among financial institutions. According to crypto purchasing platform Swan Bitcoin, institutional investors have been feeling the FOMO, or “fear of missing out,” on Bitcoin’s growth and have been increasing their exposure to the cryptocurrency. What Happened: A number of traditional financial entities have reversed their previous cautious stance on Bitcoin, signaling a change in their approach to cryptocurrency. Here’s a comparison, compile…

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