Where’s the FOMO?

Where’s the FOMO?

I couldn’t even use the restroom in peace. I was hounded everywhere I went.

Strangers stalked my children on social media. People screamed at me to get my attention on the streets of London, New York City, and Lisbon.

Everywhere I went, a crowd formed around me.

The year was 2017, and bitcoin was fast approaching a new all-time high of $20,000. Everyone was obsessed with bitcoin.

And who could blame them? Thousands of my subscribers were getting rich off the bull market.

For example, a woman from Tennessee turned the little savings she had left – about $12,000 – into $1.2 million in just 18 months.

A couple from Ohio turned $10,000 into $330,000. And they said they’ll now be able to retire without a mortgage.

And another guy who had zero experience with crypto was able to turn a handful of $100 investments into $1 million.

The excitement in the air was palpable.

Newly minted bitcoin millionaires created a popular meme called “When Lambo?”

The meme calculated how many bitcoins you needed to buy a top-of-the line Lamborghini Huracan.

I read one story about an Atlanta-based computer coder who paid 45 bitcoins to buy a $200,000 Lamborghini. (As an aside, those 45 bitcoins could buy 20 Lambos today.)

The FOMO (fear of missing out) was real. Even Lamborghini announced it hit record sales in 2017, with dealers reporting a spike in purchases made with bitcoin.

I saw similar FOMO during the 2020 bull market when bitcoin crossed $60,000.

During that cycle, over 4,000 crypto wallets hit $1 million in value, and more than 2,000 wallets minted upwards of $10 million each day.

You read that right… Bitcoin was minting over 4,000 new millionaires per day. Many of my subscribers were part of that group, as well.

At the same time, crypto executives were making blockbuster real estate deals.

Coinbase CEO Brian Armstrong purchased a $133 million estate in Bel Air… Moonpay CEO Ivan Soto-Wright plunked down $38 million on a waterfront home in Miami… And Polychain CEO Olaf Carlson-Wee bought a Hollywood Hills mansion for $28.5 million.

Friends, that’s what real FOMO looks like… Yet, here we are, breaking out to all-time new highs well above $100,000, and the world is yawning.

Just last week, a record $2.75 billion flowed into bitcoin exchange-traded funds (ETFs). And just yesterday, the President of the United States’ own company, Trump Media, announced it’s buying $2.5 billion worth of bitcoin.

Again, where’s the drama? Where’s the hoopla? Where are the crazy headlines?

Where’s the FOMO?

It’s nowhere to be found. And that, my friends, is WILDLY BULLISH.

When you have massive moves to all-time new highs on massive buying and zero FOMO… It tells you we have far, far more to run.

I’ve gone on record calling for at least a move to $150,000 on bitcoin this year.

But if we keep moving quietly along at this slow-and-steady pace, we could hit $150,000 before the end of August. And if we’re still not seeing signs of FOMO by then, we could hit $250,000 or more this year.

Let me walk you through what I’m seeing that has me crazy bullish right now.

Massive Upside Still in Front of Us