Bitcoin's Resilience: Defying Critics and Gaining Elite Acceptance

The Financial Times, known for its criticism of cryptocurrencies, has acknowledged Bitcoin's potential as a long-term investment, signaling a shift in elite attitudes towards crypto. Despite reservations, influential figures like former President Donald Trump and investment strategist Ruchir Sharma are recognizing Bitcoin's staying power. The successful launch of spot bitcoin exchange-traded funds in the U.S. and a dwindling number of industry critics are contributing to this shift. While some remain skeptical, the growing acceptance of Bitcoin among elites may lead to a broader appreciation of blockchain technology and a destigmatization of crypto.