Analysts: Speculative boom in Bitcoin and crypto-related stocks is unlikely to fade in 2025
According to online reports, Steve Sosnick, chief strategist at Interactive Brokers, said that the speculative boom that swept Bitcoin and crypto-related stocks in 2024 is unlikely to fade in the new year. "2024 is a year of speculation that has evolved into a craze of self-realization in recent weeks. While 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. Bitcoin hit a record high of more than $100,000 in December after expectations that Trump's election would create a friendly regulatory environment for cryptocurrencies. Cryptocurrency-related stocks have also been rising, with software company and bitcoin hoarder MicroStrategy leading gains, rising more than 400% this year.
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