Bitcoin, once viewed with skepticism as a speculative asset, has seen a meteoric rise in recent months, even being called "digital gold" by JPMorgan experts. However, the reality behind this growth is more complex than meets the eye.

Investors in traditional stock markets are rushing to move their capital into cryptocurrencies, attracted by the possibility of quick profits. But will this trend be sustainable in the long term?

• The answer lies in the details of the new financial vehicle that facilitated this migration: spot ETFs.
  

After the ETFs expire, the funds are returned to the traditional stock markets, along with any profits or losses. So ETFs are not a permanent destination for investors' capital, but only a temporary means of accessing the Bitcoin market.

Will Bitcoin be the digital gold of the future or just a speculative bubble? Only time will tell.

For exemple ~ imagine a traditional investor accustomed to stocks and bonds venturing into the world of cryptocurrencies. He encounters terms like ,,blockchain," ,,hashrate" and ,,digital wallets" that seem straight out of science fiction.

He invests a modest amount in Bitcoin, watching the price skyrocket with excitement. He already imagines a life of luxury, on an exotic island, with cocktails and yachts.

But suddenly his ETF expires and the funds go back to the traditional stock market. Is the dream over? Maybe, but the experience taught him a valuable lesson: the world of cryptocurrency is full of surprises, both pleasant and unpleasant.

• Investing in Bitcoin can be a profitable opportunity, but it is important to do so with caution and with a good knowledge of the risks involved.