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Crypto-centric stocks like NVDA, IBKR and HOOD are likely to gain from Bitcoin's northbound journey.

Nuvve Holding (NVVE) announced its board of directors has approved the inclusion of Bitcoin as a primary asset in the company’s treasury management program. Nuvve will allocate up to 30% of its excess cash, calculated based on its estimated six-month operating expenses, toward BTC purchases. This BTC allocation will be subject to, among other factors, market conditions and the company’s operational cash requirements, including its planned expansion strategy further into the V2G sector. Published

With Donald Trump back in office, investors are bullish not only about the stock market but also about the cryptocurrency industry. According to Saylor, Bitcoin's price will soar 12,500% from its current price of $103,000 (on the evening of Jan. 22) to $13 million in 2045. It's worth pointing out that Saylor's base case sets a $13 million price target on Bitcoin in 2045.

In December, when Bitcoin (CRYPTO: BTC) finally broke through the $100,000 mark, the conventional thinking was that it was going to skyrocket in value in 2025. Bitcoin seemed to be on the cusp of going mainstream, especially after the launch of new spot Bitcoin exchange-traded funds (ETFs). Best of all, the incoming Trump administration ran on a decidedly pro-Bitcoin platform.

The U.S. M2 money supply continued to increase in December a bullish catalyst for risk-on assets.

Czech National Bank (CNB) governor Aleš Michl admitted any investment in Bitcoin could turn into an Enron and become worthless.

Your day-ahead look for Jan. 29, 2025