Sunday, 11 April 2021

Investors FOMO: not yet

When I read articles, investor forums or tweets from known investment "guru's" writing positively about Bitcoin as an hedge against inflation or alternative asset, the reactions on these articles, forums or by their followers are still mainly negative about Bitcoin.

Most comments show these people are rather uninformed or misinformed about Bitcoin. People even dare to write: "I can design a Digital Money with limited supply too"

So I have the impression FOMO (Fear Of Missing Out) on Bitcoin hasn't yet started.

Will FOMO eventually start ? When ?

Probably when strong inflation becomes so obvious or the stock market can't increase anymore or even crashes significantly.

By then Bitcoin could cost $200,000 - $400,000. The higher the price the bigger the FOMO ?

When FOMO happens on a large scale the price of Bitcoin will be astronomical compared to today.

submitted by /u/PeterHeir
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