🚀FOMO and BTC: Tom Lee's view and potential future.
🪙Tom Lee, co-founder of Fundstrat and renowned cryptocurrency analyst, offered a unique perspective on the BTC market back in 2019, when the price of BTC was $10,000. He theorized that the main wave of FOMO ("fear of missing out") in the market occurs on the 3% of days when Bitcoin trades above a certain price level, which can lead to a rise of 200%-400%.

🔍Since then, as we have seen, Bitcoin has indeed shown significant growth, confirming Lee's assumptions. If we apply his FOMO model to today's market, where BTC traded above $50,000 on less than 3% of days, it could foreshadow an impressive move towards the $100,000 - $200,000 levels after breaking out of $50,000.

💡This perspective is based on an understanding of investor psychology and mass market dynamics, where the fear of missing out can cause a massive influx of capital into Bitcoin when it begins to show a strong uptrend.

@cryptover1
🚀FOMO and BTC: Tom Lee's view and potential future. 🪙Tom Lee, co-founder of Fundstrat and renowned cryptocurrency analyst, offered a unique perspective on the BTC market back in 2019, when the price of BTC was $10,000. He theorized that the main wave of FOMO ("fear of missing out") in the market occurs on the 3% of days when Bitcoin trades above a certain price level, which can lead to a rise of 200%-400%.

🔍Since then, as we have seen, Bitcoin has indeed shown significant growth, confirming Lee's assumptions. If we apply his FOMO model to today's market, where BTC traded above $50,000 on less than 3% of days, it could foreshadow an impressive move towards the $100,000 - $200,000 levels after breaking out of $50,000.

💡This perspective is based on an understanding of investor psychology and mass market dynamics, where the fear of missing out can cause a massive influx of capital into Bitcoin when it begins to show a strong uptrend.

@cryptover1