The road from believing “crypto is a scam” to “Bitcoin is a legitimate asset class” is a long way to travel, fraught with many a twist and turn.

Yet against all the odds, a surprising number of high-profile skeptics have undertaken the journey unscathed and, perhaps more remarkably, without ever admitting they were wrong.

The very naysayers who once warned of a “crypto apocalypse” have begun preaching the virtues of blockchain rails and launching tokenized products of their own.

From Bitcoin exchange-traded funds to tokenized gold, here are five of the biggest crypto backflips.

Born-again crypto converts

Larry Fink: ‘Index of money laundering’ to ETF king

Larry Fink may be the archetypal born-again crypto convert. In 2017, the…