Analysis: Bitcoin is increasingly behaving like a tech stock | Financial

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The role of crypto coin of rebel against financial establishment is wearing quickly

For years they didn’t look up or back at Wall Street, the City of London or Frankfurt. There was the enemy for the first bitcoin owners. Those were the instigators of the 2008 financial crisis. Crypto rebels wanted nothing to do with it. And vice versa: bitcoin was called a fraud vehicle by Wall Street banks, with no underlying asset. Too volatile too.

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