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Bitcoin's Growing Legitimacy and Market Dynamics
This chapter examines the current state of the Bitcoin market, highlighting its price trends, market cap, and the surge in Bitcoin ETFs, particularly in 2024. It discusses the increasing institutional interest and the significant holdings of companies like BlackRock, suggesting a shift in financial dynamics favoring direct Bitcoin ownership over ETFs. The narrative also critiques the previous perception of Bitcoin and explores the contributions of key figures in finance who have influenced its acceptance and integration into traditional markets.