According to ChainCatcher news and reports from Jinshi, strategists believe that the speculative frenzy sweeping Bitcoin and cryptocurrency-related stocks in 2024 is unlikely to fade in the new year. Interactive Brokers Chief Strategist Steve Sosnick stated, "2024 will be a year of speculation, which has recently evolved into a self-fulfilling frenzy. Although these trades sometimes encounter troubles, the latest being after the Fed's December meeting, investors have been willing to buy the dips.
Sosnick said, "When something has been used by many people for a long time, they are reluctant to give it up." And these trades have indeed been effective. After the expectation that Trump's election would create a friendly regulatory environment for cryptocurrencies, Bitcoin set a historical high of over $100,000 in December. Stocks related to cryptocurrencies have also been rising, with the software company and Bitcoin hoarder MicroStrategy leading the way, with an increase of over 400% this year.
