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Bitcoin's Institutional Awakening
This chapter explores the landmark moment when a major Italian bank adopted Bitcoin, coinciding with a surge in its price. It delves into the conflicting regulatory perspectives, particularly Italy's view of Bitcoin as 'crime as a service,' while highlighting the tension between Bitcoin's natural incentives and fiat coercion. The discussion underscores the growing acceptance of cryptocurrencies among traditional financial institutions and the potential ripple effects on the global market, tempered by regulatory challenges.