CryptoQuant CEO Ki Young Ju made a bold statement recently, claiming that Bitcoin (BTC) is no longer seen as gambling due to the involvement of traditional finance (TradFi) players like BlackRock. Ju's remarks highlight the growing acceptance of cryptocurrencies within the mainstream financial industry. Previously, Bitcoin was often dismissed as a speculative asset or even a form of gambling. However, the entry of institutional investors has lent credibility to the asset class and helped dispel the notion that it is merely a passing fad. Ju's comments also suggest that the broader adoption of cryptocurrencies could lead to a shift in public perception. If institutions start buying memecoins, for example, it could potentially legitimize these often-ridiculed assets. Of course, it remains to be seen whether such a shift will actually occur. Nonetheless, Ju's statement underscores the growing institutional interest in cryptocurrencies and the potential impact of this trend on the asset class's reputation. ```

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