Interactive Brokers Chief Strategist Steve Sosnick stated that the speculative frenzy sweeping Bitcoin and crypto-related stocks in 2024 is unlikely to fade in the new year. "2024 is a year of speculation, and it has evolved into a self-fulfilling frenzy in recent weeks. While these trades sometimes encounter troubles, the latest being after the Federal Reserve's December meeting, investors have consistently been willing to buy on dips," Sosnick said. "When something has been used by many for a long time, they are reluctant to let it go. 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. Crypto-related stocks have also been rising, with software company and Bitcoin hoarder MicroStrategy leading the way, up more than 400% this year.