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Why Is Everybody Talking About Bitcoin?

TheMotleyFool

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It's no secret that Bitcoin (CRYPTO: BTC) is a hot commodity these days. The largest and oldest cryptocurrency is making headlines by the boatload, ranging from enthusiastic analyses of the digital currency's bright future to skeptical screeds focusing on its massive electric power requirements and uncertain value.

The widespread interest was sparked by Bitcoin's enormous price gains over the last year and change. Let's say you timed the stock market perfectly, buying into an S&P 500 index fund at the very bottom of the coronavirus crash in 2020. That investment would have doubled by now -- but Bitcoin's returns over the same period made the stock market's generous gains look completely frozen by comparison: