Bitcoin's Rally Is Making Some Investors Nervous About the Stock Market
Some see signs of froth reminiscent of the last market melt-up in 2021. 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.As the pioneering cryptocurrency nears another round-number milestone, its rally, according to some observers, is becoming yet another warning sign that markets are at risk of overheating.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.As they did then, valuations in some corners of the stock market are looking conspicuously rich. Carvana Co. is one notable example; shares of the car-focused e-commerce co
