Bitcoin’s run toward $100,000
Bitcoin’s run toward $100,000 has helped unleash massive gains for shares of some cryptocurrency-related companies.
But it’s also raising questions about what it might mean for the rest of the stock market.
The concern is that investor appetite for risk assets — a category that includes both bitcoin and stocks — is nearing frothy levels last seen back in 2021.
As many might remember, that period briefly bestowed huge gains on investors. But it ultimately set the stage for a punishing bear market the following year that saddled novice investors with huge losses.
Joseph Adinolfi MarketWatch 23 November 2024
The day came at last, to the sheer joy of the crypto faithful
— and the profound displeasure of skeptics.
US Securities and Exchange Commission for the first time approved
exchange-traded funds that invest directly in Bitcoin.
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