Time for a New Lambo? Swagger Returns to Crypto as Bitcoin Soars

Sean McNulty frets about not having enough time to work on his bench press. Raagulan Pathy is starting to think about buying an Aston Martin.

From New York to Singapore, cryptocurrency traders large and small are pulling all-nighters and forgoing gym breaks to ride the dizzying rally unleashed by Donald Trump’s election victory. With the records piling up and Bitcoin’s march toward $100,000 talked about as something of a mere formality, crypto is in the grip of a market mania the likes of which it hasn’t seen since 2021.

And back with it is the industry’s penchant for excesses, ...