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Wall Street is marketing Bitcoin for us, Feb. 3–9 -Breaking

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© Reuters.

Many things have changed since my first day covering.BTCIn 2012, ). In 2012, a market that was once hidden in the darkest corners of the web has become a worldwide phenomenon. This has led to governments and corporations having to come to an agreement on the topic. Wall Street has begun to respond, as major banks’ analysts are increasingly convinced that cryptocurrency is an asset class that is maturing and holds long-term promise.

That was the general takeaway of a new report from Wells Fargo’s research division. The report’s bullish undertones are truly remarkable when you consider how big banks treated Bitcoin just a few years ago. Maybe they Jamie Dimon taught me not to follow his leadJPMorgan Chase (NYSE): was owned by. Outedfür massive Geldwäsche in 2020. Tell me, however, why Bitcoin is so hazardous.

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