‘Greater Fools Are Watching’: Bitcoin Is Here to Stay, Elites Admit
Summary
The Financial Times, known for criticizing cryptocurrencies, has acknowledged Bitcoin's potential. Ruchir Sharma's opinion piece highlights the shift in perception, with even former critics reconsidering. The growing acceptance among influential figures signals a destigmatization of crypto. Factors like successful ETF launches and elite figures' weariness of being wrong contribute to this shift. Despite reservations, Bitcoin's viability as an investment is recognized. Its potential as "digital gold" and store-of-value is emphasized, with its market cap reaching parity with silver. Betting against Bitcoin's surprising potential is cautioned against.
