A few days ago, the Securities & Exchange Commission (SEC) approved bitcoin exchange-traded funds (ETFs), thereby putting the granddaddy of cryptocurrencies within quick reach of tens of millions of investors. ETFs are as easy to trade as stocks.
Bitcoin fans are excited, envisioning higher prices that will make a digital version of gold. But this segment of What’s Ahead points out why bitcoin is neither money nor gold.
The cryptocurrency that can seriously pose a sound alternative to the monopoly of government money is not yet at hand.