Bitcoin Holds $50,000 on Global Corporate FOMO; What to Expect?
An early morning sell-off in the Bitcoin market hinted at calming down after more corporates revealed their investments into the cryptocurrency. Meitu, renowned globally for its photo editing app, incorporated $17.9 million worth of Bitcoin and $22.1 million worth of Ether (the native cryptocurrency of the second-largest blockchain project, Ethereum) into its balance sheet. In […]
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Ripple, Enterprise blockchain and crypto solutions provider has partnered with FOMO Pay. FOMO Pay is a leading Singapore-based institutional digital payment solution provider and has become the latest firm to unify with Ripple’s liquidity solution. Through this integration, FOMO Pay is planning on using Ripple’s crypto-enabled enterprise technology which is supposed to enable its cross-border […]
As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.
Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000. Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net....
The PayPal FOMO could allow Bitcoin to hold $18,500 as support for its next upward leg towards $20,000, its record high with a huge sentimental value among traders.
An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year.
Crypto FOMO Will Drive Investments in 2022
Flori Marquez, Blockfi’s co-founder and senior vice president of operations, discussed the future outlook for cryptocurrency going into 2022 in an interview with Yahoo Finance Live Friday.
Founded in 2017, Blockfi was created to provide credit services to markets....