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Moreover, Bitcoin and other cryptocurrencies had their share of dark associations, as they became the playground for scammers, money launderers, and hackers. Yet, from late 2020 to the beginning of 2021, optimism began to prevail. Bitcoin soared to new heights, hitting over $60,000. Prominent figures in the cryptocurrency world, such as FTX founder Sam Bankman-Fried and Binance's Changpeng Zhao, frequently made headlines, further fueling interest and speculation around Bitcoin.