Bitcoin has surpassed the $33,000 mark, defying skepticism from a 2021 Wall Street Journal article that labeled it as vaporware. At the time, Bitcoin was trading around the same price, but has since gained legitimacy with major companies incorporating it into their balance sheets and countries adopting it as legal tender.
The cryptocurrency's resilience is further underscored by the launch of Bitcoin ETFs by asset managers, highlighting its growing acceptance in financial and regulatory circles. Despite initial doubts about its long-term value, Bitcoin continues to solidify its position in the global financial landscape.
Bitcoin Defies Skepticism, Surpasses $33,000 Amid Growing Adoption
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