What’s Bitcoin’s SWAG Figure that will Cause FOMO? A Look at BTC’s Scientific Wild-Assed Guesses
- $10k looks like the FOMO number
In December 2018, Bitcoin price crashed about 85 percent from its all-time high of $20,000 to $3,150. As the leading cryptocurrency tumbled down the mainstream media and the likes of Nouriel Roubini started criticizing the flagship cryptocurrency predicting its impending death.
Though a deep correction from the new peak hasn’t been the first time occurrence, the crypto market has already seen two previous cycles, it didn’t deter the Bitcoin bashers from taking a shot at the leading cryptocurrency.
However, as we already know, BTC is well on its way to the next bull cycle. Till date in 2019, the top cryptocurrency has surged 100 percent as it made its way from $3,800 to $7,500.
For those of you who are new to crypto, this is what FOMO looks like.
— Mati Greenspan (@MatiGreenspan) May 12, 2019
When’s the FOMO?
As Bitcoin surges like crazy when exactly it will start causing FOMO (Fear of Missing Out) among people who have been “gloating” about a 90 percent crash?
Fundstrat’s Tom Lee, the Bitcoin bull conducted a poll on Twitter about the price that will cause FOMO among those who has been seeing Bitcoin as dead. According to Lee, this SWAG (scientific wild-assed guess), a military term, is $10,000.
At what price will see FOMO from those who gloated about 90% crash in $BTC?
Military term, SWAG (scientific wild-assed guess).
My SWAG is $10,000 is price that causes FOMO from those who saw #bitcoin as dead forever.
At what price do we see FOMO?
— Thomas Lee (@fundstrat) May 12, 2019
Out of the total 5,966 votes cast, majority with 44 percent votes agrees with $10,000 price mark that will driving people to start feeling left out and jumping into the Bitcoin. With 32 percent votes, at more than $20,000 per BTC will have investors taking a shot at the flagship cryptocurrency.
Though there is still about 10 hours left, 24 percent believes the current mooning BTC has been seeing will make people start FOMO-ing.
What’s your figure that you think will drive people to start having a FOMO and jump head first into BTC?