Positive. The Bitcoin rally, driven by Trump's crypto-friendly policies and Fed's low-interest rate regime, benefits crypto-centric stocks.
From Nasdaq
January 17, 2025 07:46:00 AM:
- Bitcoin closed at $101,435.85 on Jan 16, with an all-time high of $108,268.45 on Dec 17. President-elect Donald Trump’s crypto-friendly policies and the Fed’s low-interest rate regime are driving Bitcoin’s upward trend.
- Trump’s commitment to crypto-friendly policies has boosted Bitcoin’s rally since Nov 5. He plans to nominate Paul Atkins to head the SEC, known for his positive stance on digital currencies.
- Trump aims to create a national crypto stockpile and promote US-based mining. His pro-crypto stance contrasts with Biden’s negative view, favoring China and Russia.
- The Fed’s low-interest rate benefits high-growth industries like technology and cryptocurrency. Rate cuts in 2024 and expected cuts in 2025 support market optimism.
- Five recommended crypto-centric stocks for 2025 include NVIDIA Corp., Coinbase Global Inc., Robinhood Markets Inc., Riot Platforms Inc., and Interactive Brokers Group Inc., each with strong growth potential and favorable rankings.
Read more at Nasdaq: Buy 5 Crypto-Centric Stocks Likely to Gain Big From Bitcoin Rally