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Is there Fear of Missing Out in the Current Market?

Updated: Aug 31, 2024
Published: Apr 5, 2019
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FOMO – Fear of Missing Out – is a common phrase used in investing. FOMO is the anxiety people experience when they feel something interesting or exciting may be occurring elsewhere. As a result, they don't want to be left behind or miss out on the opportunity.

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But, why would investors be experiencing FOMO? The reason is that Bitcoin’s price has been in the $3,000 to $4,000 range for a while. As a result, many people are cautious about investing and fear that the price may drop soon. This would ultimately decrease the value of their potential investment.

However, with this week’s move above $5,000, people will start wondering if they should begin buying before they “miss the boat” on BTC. Indeed, they may wonder if we are about to embark on a new bull-run. It is in these times that the media coverage seems to increase. Consequently, so do people’s curiosity and interest in cryptocurrencies.

Google’s searches for Bitcoin suggest that this trend may be occuring. These search haven’t been this high since December 2017. This was at the start of the biggest bull-run seen in cryptocurrency history. The data suggests that interest in Bitcoin has indeed started gaining some momentum.

This week, prices surged for BTC. However, this doesn't confirm that a bull market has started. Nevertheless, a move towards $6,000 will unquestionably deliver some serious FOMO to many investors.

Chart image licensed via Shutterstock

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