FOMO in Full Swing: How High Could Bitcoin’s Rally Climb?
Bitcoin recently hit a new all-time high, fueled by investor enthusiasm and “fear of missing out” (FOMO), says Alexander Blume, CEO of Two Prime.
Blume attributes the rally to optimism over Trump’s pro-business policies, including potential tax cuts and relaxed regulations, which investors believe could drive further innovation. The anticipation of favorable policies has driven bitcoin and other risk-on assets to surge, while a pro-crypto administration signals possible stable regulations ahead.
Blume notes that bitcoin’s performance aligns with its four-year parabolic pattern, giving investors confidence. He believes BTC could reach $100,000 by year’s end, as momentum and market conditions remain strong.
Clever Robot News Desk 12th November 2024
