Crypto veteran and Bitcoin bull Anthony Pompliano, also known as Pomp, is predicting a Bitcoin FOMO (fear of missing out) phase that he says Wall Street investors aren’t ready for.
In a new episode of The Best Business Show, Pomp says that he expects major FOMO to occur in the Bitcoin space that makes everyone, even people outside of the traditional players, start talking about BTC.
“There’s going to be like two or three week period where you’re literally trying to go to sleep at night, and you’re not going to be able to go to sleep because you can’t stop thinking about what’s happening. You’re going to wake up and be like ‘What did I miss?’ And it’s just going to be every single person in your life is going to be talking about this. The Uber driver, your barber, your friends, your mom, everyone is going to be talking about this stuff, and when you feel that, that’s when you know, okay we’re starting to hit that FOMO phase.”
Pomp says investors from Wall Street and traditional finance won’t be prepared to understand or take advantage of such a Bitcoin run. According to the BTC bull, the flagship crypto could experience a FOMO phase that goes beyond all of Wall Street’s expectations.
“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.Â
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.”
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