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Crypto veteran and Bitcoin bull Anthony Pompliano, also known as Pomp, is predicting a BTC FOMO (fear of missing out) phase that he says Wall Street investors aren’t ready for.
“But if we go back and look at the FOMO phase of 2017 and other bull markets, it supersedes almost everyone’s expectations. What we’re talking about right now is in the heart of a bull market, we had a 50 plus percent drawdown. The volatility on this thing is unlike any other asset.
And so when you start thinking about all of these Wall Street guys that come in, whether they’re hedge funds, whether they’re corporations, whether they’re some sort of asset manager, I don’t think they’re ready for this. This stuff is going to absolutely rip their faces off.”
In other trending Crypto News today: Facebook Executive Says Social Media Giant ‘Definitely Thinking’ About NFTs!
Facebook Financial head David Marcus says the social media giant sees room to incorporate non-fungible tokens (NFTs) in conjunction with the upcoming launch of its cryptocurrency wallet Novi.
“It’s too early to talk about our plans, but we’re definitely looking at a number of ways to get involved in the space, because we think we’re in a really good position to do so. And when you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs.
And so while there’s no immediate plans I can talk about, we’re definitely thinking about this. It’s really an area worth exploring and one where we can have a positive impact for both creators and consumers on the other side.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Facebook Executive Says Social Media Giant ‘Definitely Thinking’ About NFTs