TechFlow news, on December 23, according to Jinshi News, Steve Sosnick, Chief Strategist at Interactive Brokers, said the speculative frenzy that swept Bitcoin and crypto-related stocks in 2024 is unlikely to fade in the new year. "2024 has been a year of speculation, which in recent weeks has evolved into a self-fulfilling mania. Although these trades sometimes run into trouble—most recently after the Fed's December meeting—investors have consistently been willing to buy the dips," Sosnick said. "When something has worked for many people for a long time, they become reluctant to let go."
Bitcoin hit a record high of over $100,000 in December, fueled by expectations that Trump’s election victory would create a favorable regulatory environment for cryptocurrencies. Crypto-related stocks have also continued to rise, led by software company and Bitcoin holder MicroStrategy, which is up more than 400% this year.
