{"id":385522,"date":"2019-06-09T21:00:26","date_gmt":"2019-06-09T21:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=385522"},"modified":"2024-06-11T13:16:17","modified_gmt":"2024-06-11T13:16:17","slug":"bitcoin-10000-kickstart-mass-fomo-quadruple-btc-fundstrat","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-10000-kickstart-mass-fomo-quadruple-btc-fundstrat\/","title":{"rendered":"Bitcoin Hitting $10,000 Will Kickstart Mass FOMO, Quadruple BTC in Months: Fundstrat"},"content":{"rendered":"<p>The <a href=\"https:\/\/wncen.com\/2019\/06\/09\/bitcoin-summer-months-historically-bad-for-btc-bulls-watch-out\/\">Bitcoin<\/a> (BTC) bull run has barely even started, but Fundstrat Global Advisors is <a href=\"https:\/\/wncen.com\/2019\/05\/20\/tom-lee-bitcoins-move-back-to-8000-confirms-the-end-of-crypto-winter\/\">absolutely euphoric<\/a>. In a graphic published recently, the investment advisory firm suggested that the \u201cFear of Missing Out (FOMO)\u201d is quickly materializing in the cryptocurrency markets, boding well for BTC\u2019s performance in the short to medium term.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are apparently headed straight for LEVEL 10 FOMO in the <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a> market (via <a href=\"https:\/\/twitter.com\/fundstrat?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@fundstrat<\/a>) <a href=\"https:\/\/t.co\/YzFkrazWz2\" rel=\"nofollow\">pic.twitter.com\/YzFkrazWz2<\/a><\/p>\n<p>&mdash; Adam Samson (@adamsamson) <a href=\"https:\/\/twitter.com\/adamsamson\/status\/55135489?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 29, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Fundstrat&#8217;s Lee Bullish on Bitcoin<\/strong><\/h2>\n<p>In a recent research note, <a href=\"https:\/\/twitter.com\/adamsamson\/status\/55135489\" rel=\"nofollow\">posted<\/a> by Financial Times&#8217; Adam Samson, the firm&#8217;s head of research Tom Lee explained that the Bitcoin market is currently experiencing &#8220;Level 5&#8221; FOMO according to Fundstrat&#8217;s\u00a0 &#8220;Degree of FOMO\u201d scale. As seen above, this doesn&#8217;t mean that the cryptocurrency market has peaked though.<\/p>\n<p>Fundstrat notes that investors have yet to experience <a href=\"https:\/\/wncen.com\/2019\/05\/30\/bitcoin-may-be-up-14-9-but-tom-lee-expects-real-fomo-after-10000\/\">\u201cfull-blown\u201d FOMO<\/a>, marked by a reading of \u201cLevel 10\u201d. It is unclear how Fundstrat came to such a conclusion, but the company\u2019s analysts are known for using the Bitcoin Misery Index to determine overall investor sentiment and the market\u2019s overall direction.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/05\/30\/institutional-fomo-to-drive-bitcoin-price-beyond-20000-and-to-unseen-heights\/\">Institutional FOMO to Drive Bitcoin Price Beyond $20,000 And To Unseen Heights<\/a><\/h6>\n<p>Once\u00a0Bitcoin reaches $10,000, \u201cLevel 10\u201d FOMO will grace this market, which last occurred when BTC blipped above $4,500 in late-2017. If history is any guide, the cryptocurrency market will shoot even higher once $10,000 is breached. As Lee wrote on Twitter earlier this month, \u201c[$10,000] will see FOMO from those who gloated about the 90% crash in BTC\u2026 and those who saw Bitcoin dead as forever.\u201d<\/p>\n<p>While Fundstrat has long had its eye on the $10,000 price point, its analysts never indicated a price target \u2014 until now anyway.<\/p>\n<p>In a recent podcast with <a href=\"https:\/\/wncen.com\/?s=Binance&amp;lang=en\">Binance&#8217;s<\/a> chief financial officer, Wei Zhou, Lee explained that once $10,000 is breached, all hell will break loose for the cryptocurrency market. This corroborates the aforementioned analysis of this nascent market&#8217;s &#8220;FOMO levels&#8221;.<\/p>\n<p>Per CCN, which reported on this first, the Wall Street analyst stated that once $10,000 is breached, there will be a &#8220;fast and furious&#8221; move to $20,000. And from there, Bitcoin will double in the next five months, reaching $40,000 in a jaw-dropping move.<\/p>\n<h2><strong>Is $40,000 Possible?\u00a0<\/strong><\/h2>\n<p>While $40,000 seems miles away \u2014 and it is \u2014 many are sure that this price point is within Bitcoin&#8217;s grasp, even in the medium term. Analyst PlanB, known for his use of the stock-to-flow ratio (SF), recently explained that the impending block reward reduction will give Bitcoin a fair valuation of $55,000.<\/p>\n<p>Per <a href=\"https:\/\/wncen.com\/2019\/03\/28\/analyst-55000-bitcoin-halving-ethereum-vitalik-worried\/\">previous reports from NewsBTC<\/a>, he explained that BTC abides by similar valuation rules than gold&#8217;s, in that you can use its inflation rate to determine a &#8220;fair&#8221; valuation. As it stands, Bitcoin has an SF ratio of around 25, implying an inflation rate of 4%. Once the halving hits, however, Bitcoin&#8217;s SF ratio will move past 50 to approach that of gold, giving BTC a lower inflation rate than most fiat currencies.<\/p>\n<p>With there being a \u201cnice linear relationship\u201d between SF and the market valuation of an asset, PlanB suggests that Bitcoin would be fairly valued at $1 trillion, giving each coin a price of $55,000.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn-images-1.medium.com\/max\/800\/1*YvqgE9q1UBOKT_rPAFH4Ew.png?ssl=1\" alt=\"ethereum\" loading=\"lazy\"><\/p>\n<p>While $55,000 for each BTC seems irrational for most, PlanB writes that money from silver, gold, negative interest rate economies, authoritarian and capital control-rife states, billionaires looking for a quantitative easing hedge, and institutional investors will eventually flood into this space.<\/p>\n<p>This in and of itself may seem like a pipe dream, but some are sure that this is likely, especially with the increase in\u00a0<a href=\"https:\/\/wncen.com\/2019\/02\/25\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\" data-wpel-link=\"internal\">hyperinflation<\/a>,<a href=\"https:\/\/wncen.com\/2019\/02\/08\/bitcoin-like-credit-default-swaps-against-irresponsible-banks-crypto-diehard\/\" data-wpel-link=\"internal\">\u00a0fiscal mismanagement<\/a>, and speculators looking for attractive alternative investment opportunities.<\/p>\n<p>Some have been even more optimistic, however, stating that $40,000 will be just the tip of the iceberg. In fact, many have looked to $250,000 or even $333,000 as long-term price targets. We&#8217;ll need to wait and see though.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin (BTC) bull run has barely even started, but Fundstrat Global Advisors is absolutely euphoric. In a graphic published recently, the investment advisory firm suggested that the \u201cFear of Missing Out (FOMO)\u201d is quickly materializing in the cryptocurrency markets, boding well for BTC\u2019s performance in the short to medium term. We are apparently headed straight for LEVEL 10 FOMO in the #bitcoin market (via @fundstrat) pic.twitter.com\/YzFkrazWz2 &mdash; Adam Samson (@adamsamson) May 29, 2019 Fundstrat&#8217;s Lee Bullish on Bitcoin In a recent research note, posted by Financial Times&#8217; Adam Samson, the firm&#8217;s head of research Tom Lee explained that the Bitcoin market is currently experiencing &#8220;Level 5&#8221; FOMO according to Fundstrat&#8217;s\u00a0 &#8220;Degree of FOMO\u201d scale. As seen above, this doesn&#8217;t mean that the cryptocurrency market has peaked though. Fundstrat notes that investors have yet to experience \u201cfull-blown\u201d FOMO, marked by a reading of \u201cLevel 10\u201d. It is unclear how Fundstrat came to such a conclusion, but the company\u2019s analysts are known for using the Bitcoin Misery Index to determine overall investor sentiment and the market\u2019s overall direction. Related Reading: Institutional FOMO to Drive Bitcoin Price Beyond $20,000 And To Unseen Heights Once\u00a0Bitcoin reaches $10,000, \u201cLevel 10\u201d FOMO will grace this market, which last occurred when BTC blipped above $4,500 in late-2017. If history is any guide, the cryptocurrency market will shoot even higher once $10,000 is breached. As Lee wrote on Twitter earlier this month, \u201c[$10,000] will see FOMO from those who gloated about the 90% crash in BTC\u2026 and those who saw Bitcoin dead as forever.\u201d While Fundstrat has long had its eye on the $10,000 price point, its analysts never indicated a price target \u2014 until now anyway. In a recent podcast with Binance&#8217;s chief financial officer, Wei Zhou, Lee explained that once $10,000 is breached, all hell will break loose for the cryptocurrency market. This corroborates the aforementioned analysis of this nascent market&#8217;s &#8220;FOMO levels&#8221;. Per CCN, which reported on this first, the Wall Street analyst stated that once $10,000 is breached, there will be a &#8220;fast and furious&#8221; move to $20,000. And from there, Bitcoin will double in the next five months, reaching $40,000 in a jaw-dropping move. Is $40,000 Possible?\u00a0 While $40,000 seems miles away \u2014 and it is \u2014 many are sure that this price point is within Bitcoin&#8217;s grasp, even in the medium term. Analyst PlanB, known for his use of the stock-to-flow ratio (SF), recently explained that the impending block reward reduction will give Bitcoin a fair valuation of $55,000. Per previous reports from NewsBTC, he explained that BTC abides by similar valuation rules than gold&#8217;s, in that you can use its inflation rate to determine a &#8220;fair&#8221; valuation. As it stands, Bitcoin has an SF ratio of around 25, implying an inflation rate of 4%. Once the halving hits, however, Bitcoin&#8217;s SF ratio will move past 50 to approach that of gold, giving BTC a lower inflation rate than most fiat currencies. With there being a \u201cnice linear relationship\u201d between SF and the market valuation of an asset, PlanB suggests that Bitcoin would be fairly valued at $1 trillion, giving each coin a price of $55,000. While $55,000 for each BTC seems irrational for most, PlanB writes that money from silver, gold, negative interest rate economies, authoritarian and capital control-rife states, billionaires looking for a quantitative easing hedge, and institutional investors will eventually flood into this space. This in and of itself may seem like a pipe dream, but some are sure that this is likely, especially with the increase in\u00a0hyperinflation,\u00a0fiscal mismanagement, and speculators looking for attractive alternative investment opportunities. Some have been even more optimistic, however, stating that $40,000 will be just the tip of the iceberg. In fact, many have looked to $250,000 or even $333,000 as long-term price targets. We&#8217;ll need to wait and see though. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":372512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,2887,3504],"class_list":["post-385522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-market","tag-price"],"acf":[],"yoast_head":"\n<title>Bitcoin Hitting $10,000 Will Kickstart Mass FOMO, Quadruple BTC in Months: Fundstrat<\/title>\n<meta name=\"description\" content=\"The Bitcoin (BTC) bull run has barely even started, but Fundstrat Global Advisors is absolutely euphoric. 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