Wall Street seems to have a growing acceptance of cryptocurrencies as a potential replacement for gold

Bitcoin rallied Tuesday to a new record high - taking it to within touching distance of a price of $63,000 - as investors gear up for this week's eagerly awaited direct listing of cryptocurrency exchange Coinbase Global.

The largest US cryptocurrency exchange’s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates and highlights that there is a growing Wall Street acceptance of it.

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