TechFlow reported on May 8 that, according to The Block, Bitcoin Magazine CEO David Bailey said on the latest episode of The Scoop podcast that bitcoin is transitioning into a global reserve asset faster than expected. Bailey emphasized that as national adoption increases, bitcoin has evolved from an early rebellious technology into a strategic consideration for national security. He specifically noted that accelerating institutionalization and continued investments by firms like Strategy (formerly MicroStrategy) are driving a clear divergence between bitcoin and the broader cryptocurrency market.
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