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I disagree. A King of the Ring victory means most likely that the wrestler will get a prolonged push afterwards...something that you can do without an 8 midcard wrestler tournament. When KOTR was more prestigious back in the day, the win itself meant something...but now, no one gives a shit.
Money in the Bank is a gimmick, a way to put the title on someone in interesting and unpredictable ways, and gets a rise out of the crowd whenever its in play. Plus, the matches are a lot of fun.
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