Bitcoin continues to gain wider acceptance in the investment community as the forerunner in an emerging asset class. Initial scepticism has given way to a grudging acceptance that cryptocurrencies are here to stay, and Bitcoin is the first among equals when it comes to the crypto space. Over the longer term, I think that investors will come to treat Bitcoin as the gold of the cryptocurrency space, meaning that it will trade as a reference price to other cryptocurrencies. There is a long way to go until that happens, but we are seeing increasing institutional acceptance of Bitcoin and increasing…

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