Bitcoin’s run toward $100,000 has helped unleash massive gains for shares of a handful of cryptocurrency-adjacent companies. But it’s also raising questions about what it might mean for the rest of the stock market.
In 2021, the first Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) hit the U.S. market. Following the launch, Morningstar analyst Ben Johnson told investors in no uncertain terms, "These aren't the Bitcoin ETFs you're looking for." The problem with that strategy is that price changes in futures contracts do not always mirror price changes in Bitcoin.
If capital gains taxes on American crypto tokens are eliminated, projects like Cardano, Solana, and Constellation (DAG) could see unprecedented growth. Here’s why these U.S.-based tokens are poised to win big.