Opinion: The speculative frenzy around BTC and encryption-related stocks is unlikely to wane in 2025.

Odaily Planet Daily News A strategist believes that the speculative frenzy engulfing BTC and encryption-related stocks in 2024 is unlikely to wane in the new year. Steve Sosnick, chief strategist at Interactive Brokers, said, "2024 is a speculative year, and in recent weeks it has evolved into a self-fulfilling frenzy. Although these trades sometimes encounter trouble, most recently after the Federal Reserve’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 unwilling to give it up.” And these trades do work. Expectations that a Trump victory would create a friendly regulatory environment for Crypto Assets led BTC to hit a historical high of over $100,000 in December. Stocks related to Crypto Assets have also been pumping, with software companies and BTC hoarders MicroStrategy leading the way, with gains of over 400% this year. (FX678)