Bitcoin Has Won Over Institutional Investors: Could Governments Be Next?

When Bitcoin surged to an all-time high of $17,000 in late 2017, the cryptocurrency headlined media outlets and financial journals — but not for the right reasons. Analysts and major institutional figureheads bashed and ostracized the promising digital asset, dubbing it a “fraud” and “useless as a payment system.” Not soon after, Bitcoin suffered a major correction, with prices plummeting down 70% in a single year.
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