Technologically guided by Nasdaq 100 can be in a historic shift as this week is 40 years old.
According to Todd Sohn Sohn, in the strategial securities, the KRIPTO currency companies could encourage the next wave of gains.
“Bitcoin is a cryptocurrency like QQQ … Is there a technology supply, “said the fund and technical strategist of the stock market and the technical strategist for CNBC “Etf Edge” This week. “Bitcoin It will be the greatest. QS will be the biggest. “
From Thursday near, Nasdaq 100 It increased 17,106% of its January 21, 1985, beginning. President Donald TrumpThe elections helped to encourage record high Bitcoin because of the high hopes of deregulation. Crypto currency is traded around a level of $ 104,000.
Sohn believes that the construction of the crypt of the universe is already formed.
“I think this is already happening based on some recent applications we’ve seen,” he said.
Sohn also dived into the popularity of the crypto option.
“With Crypto, you can now build risk management,” Sohn said. “Say … I want to get a little upside down, but I’d like to be revenue. So, I’ll buy a covered call Crypto etf … just to limit any volatility and retain weeks or monthly revenue flows. So this is all kind of important things that will continue to happen [the] Nasdaq. “
The Crypto ETF market has flourished. According to Factet, Blackck’s Ishares Bitcoin Trust Etf (Ibit)which was launched on January 5, 2024 and traded on Naddaq, has raised more than $ 58 billion on Tuesday.
Nasdaq President Nelson Griggs sees regulatory clarity as a key factor in the future growth of cryptocurrencies.
“The whole sector develops around something like a digital cryptocurrency. And now it potentially has more clarity of the rules of what will actually be,” Griggs said in the same interview.
