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Bitcoin is back in the spotlight after a week-long rally pushed the cryptocurrency above $79,000, with gains of more than 20% in just a few days. The rally has been driven by fresh flows into spot Bitcoin ETFs, expectations of greater liquidity in the United States, a more favourable climate for cryptocurrencies in Washington and a squeeze on traders betting against Bitcoin. But there is a distinctly Italian twist to the story. While Bitcoin returns to centre stage, Italy’s richest man is someone who built his fortune at the heart of the crypto economy. At 62, Giancarlo Devasini, chairman of…

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