According to TechFlow, on December 23, according to Jinshi, Steve Sosnick, chief strategist at Interactive Brokers, said that the speculative craze that swept Bitcoin and crypto-related stocks in 2024 is unlikely to subside in the new year. "2024 is a year of speculation, and it has evolved into a self-fulfilling frenzy in recent weeks. Although these trades sometimes run into trouble, most recently after the Federal Reserve's December meeting, investors have been willing to buy on dips." Sosnick said, "When something has been used by many people for a long time, they are reluctant to give it up.
After the expectation that Trump’s election would create a friendly regulatory environment for cryptocurrencies, Bitcoin reached a historic high of over $100,000 in December. Stocks related to cryptocurrencies have also been rising, with software company and Bitcoin hoarder MicroStrategy leading the charge, up more than 400% this year.
