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Just because someone loses to The Undertaker doesn't mean that they haven't benefited from having a hard-fought match and/or an extended program with one their biggest stars ever.
Taker's credibility is on such another level than the rest of the roster, it's almost like defeating The Undertaker has become more difficult than winning a World Championship. It's gotten to the point where the Streak arguably draws more interest than the World Title matches at Mania. His consistent booking of protecting his character and being selective with who defeats him, has put him on this level, and I don't really see a problem with it.
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