Bitcoin is now back above $104,000 and could push even higher.

All thanks to bets on Federal Reserve rate cuts, institutional inflows, and easing trade tensions between the U.S. and the U.K. Not only is that great news for cryptocurrencies but also for companies that are diversifying with cryptocurrencies.

Helping, BitMEX co-founder Arthur Hayes says Bitcoin could soar to $150,000 by the end of 2025. In fact, according to Hayes, as quoted by CoinCentral.com, “We’re entering a perfect storm for a Bitcoin rally. The macroeconomic environment is pushing the Fed towards more dovish policies, and that means more dollars entering the system. That’s fuel for Bitcoin.”

In addition, “It’s not just about Bitcoin anymore,” he added. “Once the money printer turns on, everything from ETH to SOL benefits.” Again, that’s a significant catalyst for cryptocurrencies, and companies diversifying with it.

To benefit, we can always invest directly in Bitcoin.

However, we can also jump into related stocks like Block Inc. (XYZ), which could gain traction thanks to its diversification in Bitcoin with its 8,485 BTC. Also, over the last few days, XYZ dropped from about $60 to $45 on poor earnings, guidance and an analyst downgrade. However, we also can see that Block is severely oversold, but rebounding. From its last traded price of $50.36, we’d like to see the stock refill its bearish gap at around $57.50 initially.

Sincerely,

Ian Cooper