FOMO – Coin Network News

‘Wolf of All Streets’ Expects Mainstream Crypto FOMO to Return When DOGE Hits New All-Time High

juan — Fri, 15 Mar 2024 03:01:30 +0000

Scott Melker, also known as the “Wolf of All Streets,” has revealed his theory on the potential resurgence of mainstream fear of missing out (FOMO) in the crypto market. He asserted that people seem to forget that the mainstream fervor in the last bull market came through dog coins, like dogecoin, and non-fungible tokens (NFTs). […]

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Sentix Media Insights on Crypto: Wave Goodbye to Hype and FOMO

juan — Tue, 05 Mar 2024 14:07:32 +0000

News media is one of the three top powerful sources that influence crypto coin prices. Yet, thousands of news sources mean a trader can’t follow all of them to get the point of how the market sees a coin price potential at a certain period. Sentix is an AI-powered assistant that analyzes all types of […]

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Bitcoin (BTC) Surges Past $47,000 Amid ETF FOMO – What’s the Next Destination? – 247 Crypto News

juan — Tue, 09 Jan 2024 00:35:32 +0000

Bitcoin, the world’s largest cryptocurrency by market capitalization, has once again made headlines by surging past the $47,000 mark. This significant milestone has been largely attributed to the growing interest and Fear of Missing Out (FOMO) surrounding Bitcoin Exchange-Traded Funds (ETFs). But what does this mean for the future of Bitcoin? Let’s delve into the details.

Understanding the Bitcoin ETF FOMO

Bitcoin ETFs have been a hot topic in the cryptocurrency world for quite some time. These financial products allow investors to gain exposure to Bitcoin without actually owning the underlying asset. This has made Bitcoin more accessible to traditional investors, sparking a wave of FOMO as more people want to get in on the action.

ProShares Bitcoin Strategy ETF: The recent surge in Bitcoin’s price coincided with the launch of the ProShares Bitcoin Strategy ETF, the first Bitcoin futures ETF in the U.S. This ETF trades under the ticker BITO and has already attracted significant attention from investors.
Valkyrie Bitcoin Strategy ETF: Following the success of ProShares, Valkyrie also launched its own Bitcoin futures ETF, further fueling the Bitcoin ETF FOMO.

Bitcoin’s Price Surge: A Closer Look

Bitcoin’s price surge past $47,000 is a significant event, marking a nearly 30% increase from its price at the beginning of October. This rally has not only been driven by the Bitcoin ETF FOMO but also by other factors such as institutional adoption and positive regulatory news.

Institutional Adoption: More and more institutions are embracing Bitcoin, with companies like Tesla and MicroStrategy holding substantial amounts of the cryptocurrency on their balance sheets. This has boosted investor confidence and contributed to the price surge.
Regulatory News: Positive regulatory news, such as the U.S. Securities and Exchange Commission (SEC) approving the first Bitcoin futures ETF, has also played a role in driving up the price of Bitcoin.

What’s the Next Destination for Bitcoin?

With Bitcoin surging past $47,000, many are wondering what the next destination could be. While it’s impossible to predict with certainty, several factors suggest that Bitcoin’s price could continue to rise.

Continued ETF Interest: As more Bitcoin ETFs are expected to launch in the future, this could continue to drive demand for Bitcoin and push its price higher.
Wider Adoption: As Bitcoin becomes more mainstream and is adopted by more institutions and individuals, this could also contribute to a further increase in its price.
Positive Regulatory Environment: If regulators continue to adopt a positive stance towards Bitcoin and other cryptocurrencies, this could further boost investor confidence and drive up Bitcoin’s price.

Conclusion

In conclusion, Bitcoin’s recent surge past $47,000 is a significant milestone that has been driven by a combination of factors, including the Bitcoin ETF FOMO, institutional adoption, and positive regulatory news. Looking ahead, the continued interest in Bitcoin ETFs, wider adoption of Bitcoin, and a positive regulatory environment could potentially push Bitcoin’s price even higher. However, as with any investment, it’s important to do your own research and understand the risks involved before diving in.

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Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO

juan — Sat, 20 May 2023 19:06:09 +0000

As the hype around Bitcoin (BTC) has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a “serious venue” to invest in, claims Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer.

In an interview with Cointelegraph during the Bitcoin 2023, Pye spoke about Canada’s advanced regulation for crypto trading, and how it has been drawing investors to the digital assets market.

According to Pye, fund managers and institutional investors running diversified portfolio assets are looking for alternative investment strategies amid a global inflationary environment and macroeconomic challenges.

“The FOMO in Bitcoin is gone. It’s all moved over to AI [artificial intelligence]. So now the institutions and the proper portfolio managers, the people that are responsible for running diversified portfolios, are now starting to take a look at Bitcoin as a serious venue.”

It is not just about maximizing profits, says Pye. For institutional investors, crypto use cases will be a growing trend in the next few years. “The theme for 2024 going forward is definitely use cases. So, we’ve got this beautiful technology, now let’s put that beautiful technology to work,” he stated.

Regulatory challenges for institutional adoption have been around for a while, but Canada has notably taken the lead on launching crypto ETFs in North America, given the U.S. Securities and Exchange Commission’s reservations towards the crypto space.

ETF refers to the exchange-traded fund that is a portfolio of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of mutual funds, stocks and bonds.

Canadian regulators have approved several crypto ETFs in the past years, including Bitcoin and Ether (ETH) products from 3iQ, Purpose Investments and Evolve Funds Group, attracting millions of dollars to their crypto products.

“They’ve never been mispriced,” said Pye about running regulated digital assets ETFs in Canada, adding that “there’s no difference about running a Bitcoin ETF than running a gold ETF. We track the price of Bitcoin identically. They’re low fees, and it works. […] We can cipher trace where the Bitcoin comes from, so we’re only purchasing clean Bitcoin. And I think these are all the characteristics that people are concerned about.”

Canada’s latest initiative towards digital assets relies on a public consultation about a central bank digital currency (CBDC), with the local monetary authority asking what features the country’s citizens want to be included in a potential digital Canadian dollar. Canadians’ consultation results are expected to be published later this year.

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