, Columnist
Bitcoin Rises From the Dead and Could Keep Going
Inflows thanks to the new ETFs are driving a bullish run. Meanwhile, momentum investing gets its mojo back
There could be more speculative life yet to run.
Photographer: David Lombeida/BloombergThis article is for subscribers only.
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Bitcoin’s surge to its all-time high on Tuesday is arguably a win for crypto enthusiasts. The digital asset almost immediately retreated, having topped the ceiling set over two years ago, but that seems to matter little. What’s more interesting is whether the underlying fundamentals in this bullish run are sustainable and ushering the asset into a new era, or whether it’s based on fear of missing out.