CoinVoice has recently learned that, according to Jinshi reports, strategists believe that the speculative frenzy sweeping Bitcoin and cryptocurrency-related stocks in 2024 is unlikely to fade in the new year. Steve Sosnick, Chief Strategist at Interactive Brokers, stated, "2024 is a year of speculation, and it has evolved into a self-fulfilling frenzy in recent weeks. Although these trades sometimes encounter trouble, the last instance being 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 let it go." And these trades have indeed been effective. Following the expectation that Trump's election would create a friendly regulatory environment for cryptocurrencies, Bitcoin reached an all-time high of over $100,000 in December. Stocks related to cryptocurrencies have also been on the rise, led by software company and Bitcoin hoarder MicroStrategy, which has seen an increase of over 400% this year. [Original link]
