BTC 70k$ ππ
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Jeroen Blokland, a prominent money manager, noted that this rally feels distinctly different from previous ones, signaling a potential shift in Bitcoin's role in the broader financial landscape.
This sentiment comes at a time when the crypto market is witnessing renewed interest, partly fueled by the anticipation of potential spot Bitcoin exchange-traded funds (ETFs).
Bitcoin's new role as an "accepted" asset class
After experiencing a period of decline due to various crypto scandals and negative market sentiment, Bitcoin's recent price movement marks a significant turnaround.
Unlike past rallies, the current surge is underpinned by Bitcoin's growing acceptance as a legitimate asset class among investors, Blokland says.