Bitcoin Soars Past $60K, Spurring New Investor Frenzy While Regulators Remain Wary

Bitcoin smashed past $60K this week, leading to renewed hype and speculation around cryptocurrencies
New SEC-approved Bitcoin spot ETFs allow easy investment exposure without dealing with exchanges or storage
Bitcoin remains highly volatile and speculative - its valuation is entirely based on price speculation
Bitcoin and stocks are becoming increasingly correlated, reducing diversification benefits
Don't expect 401(k)s to add crypto anytime soon - plan admins remain cautious about crypto's risks