The Investor Education and Advocacy Office of the US Securities and Exchange Commission (SEC) made a post that attracted the attention of cryptocurrency investors.
SEC Office of Investor Education and Advocacy “FOMO“don’t get carried away sharing made. This “FOMO” themed post, which is a definition that originates from traditional markets and is frequently used among the cryptocurrency community, was seen by cryptocurrency investors as a warning against the rise in spot Bitcoin ETF expectations:
SECInvestingResolution 5: “DON’T GET CAUGHT IN FOMO”. Just because others may be able to purchase a particular investment doesn’t mean it’s the right opportunity for you. Do more research to find what’s right for you and your investment goals.
FOMO, for shortFear of Missing OutIt is an abbreviation consisting of the initials of the word “. in Turkish “Fear of Missing Out” It means. FOMO is a term that generally encompasses investors’ fear that a financial instrument will rise quickly and that they will not be able to jump on the bandwagon.
The cryptocurrency market in general, especially Bitcoin, has been affected by the purchase of expectations for the future of spot Bitcoin exchange-traded fund (ETF) approval. A significant increase since October lived. SEC’s ETF applications January 10 While it is expected to be approved as of the date, uncertainty still prevails in the cryptocurrency market.