Many people have scoffed at the idea of bitcoin and other cryptocurrencies in the past, dismissing them as a passing fad or even a joke. However, recent developments in the financial world are causing even the staunchest skeptics to reconsider their stance. Larry Fink, the esteemed CEO of BlackRock, has recently announced that if approved by the government, the company will be launching an exchange-traded fund (ETF) in bitcoin. This revelation has led many to question their previous assumptions and wonder if bitcoin may have staying power after all.
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