Bitcoin ETFs Are Changing the Game for Cryptos. But Investors Should Be Wary. – Barron’s

Stock investors may be feeling a tad jealous of their crypto cousins. Bitcoin, the largest cryptocurrency, blew past its record high this past week, reaching new heights around $67,000, up 50% since Sept. 30. Bulls now see a path to $100,000.

Just a few weeks ago, Bitcoin was in the doghouse—hit by regulatory fears in the U.S., a crackdown in China, and mounting criticism over the carbon footprint of “miners” that process transactions and add new coins to the supply. But the fear, uncertainty, and doubt—that’s FUD in cryptospeak—has…

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