The high -tech -led Nasdaq 100 may have made a historic change as the age of 40 this week.
According to the Todd Sohn of Strategas Security, cryptocurrency companies may supply fuel to the following waves.
“Bitcoin is encrypted as QQQ … it’s for technology -type stock,” said the company’s exchange fund and technical strategist this week. “Bitcoin will be the maximum. QS will be the maximum.”
At the end of Thursday, NASDAQ 100 has increased by 17,106 % since January 31, 1985 and since January 31, 1985. President Donald Trump’s election helped record bitcoin as fuel for highly hoped for deregulation. Cryptocurrency is traded at a level of $ 104,000.
Song believes that the built -out of the cipher is already in shape.
“I think it has already happened, based on some of the recent application we have seen,” he said.
SOHN also contributes to the popularity of Crypto Options Business.
“With Crypto, you can now build risk management,” says Sohn. “For example … I want to get some advantages, but I want to have income. So I’m going to buy a covered call Crypto ETF … Limit volatility, and the flow of weekly or monthly income. It’s just to keep it, so it’s all important to continue. [the] NASDAQ. “
The Crypto ETF market is booming. According to FactSet, Blackrock’s ISHARES Bitcoin Trust ETF (IBit), which started on January 5, 2024 and released in NASDAQ, has accumulated more than $ 58 billion on Tuesday.
Nasdaq’s President Nelson Griggs believes the clarity of regulations is an important factor in the future growth of cipher.
“The entire sector has been developed, mainly for digital crypto -like things, and it may be more clear the rules of what will actually happen,” Grigs said in the same interview.
