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Opinion

HODL FOMO vs. Speculative FOMO: Why This Bitcoin Bull Market Will Be Different

As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.

By Nathaniel Whittemore
AccessTimeIconNov 17, 2020 at 8:00 p.m. UTC
Updated Sep 14, 2021 at 10:31 a.m. UTC
AccessTimeIconNov 17, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:31 a.m. UTC
Breakdown 11.17 hodl fomo bitcoin $17,000
AccessTimeIconNov 17, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:31 a.m. UTC

As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up. 

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This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

  • Tesla to join S&P 500
  • Airbnb files for IPO 
  • The Mooch wants crypto 

Our main discussion: HODL FOMO vs. Speculative FOMO.

The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of looming all-time highs start to make their way into mainstream press, it is a very new set of actors and a new set of thinking that is driving this movement.

See also: Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible

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