How Crypto Company IPOs Could Incite Retail Investor FOMO

Tony "The Bull" Severino

4 years ago

3 mins read

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A perfect storm of ICOs, Bitcoin, and an emerging finance industry full of unknown tech born from mysterious figures helped crypto soar in 2017. Eventually, the bubble inflated too large and ultimately burst. There hasn’t been quite the same level of FOMO since.

That all could change if more crypto companies go public over the next two years and bring more mainstream interest to the space.

Coinbase IPO Could Create Domino Effect For Crypto Industry

One month ago, rumors began to circulate that San Francisco-based Coinbase was preparing a stock market listing worth $8 billion. Criticism began to swirl around how ironic an IPO would look for the crypto-focused firm, rather than launching as tokenized shares in some capacity.

As an emerging industry leader, they should be seeking to set trends, not adhere to past traditions.

While the development has yet to be confirmed, a public listing for the cryptocurrency exchange is inevitable. The young industry hopes to someday mature and be respected amongst other financial markets in the same manner.

The added visibility and legitimacy of crypto firms being listed publicly will do wonders for raising the industry out from the shadows of the internet and its origins from the dark web.

https://twitter.com/johntodaro1/status/1290455026155040771?s=21

And as more and more firms follow this trend, late in 2020 and all through 2021, it could accelerate any bull market and cause a “substantial increase in retail FOMO” says former Wall Street bond trader and Head of Research at TradeBlock, John Todaro.

BTCUSD FOMO Levels | Source: TradingView

Bitcoin Retail FOMO To Return After Break of $20,000, Coinciding With Institutional Interest

The added visibility and hype surrounding not only cryptocurrency brands, but a renewed bullish momentum around the assets themselves could yet again create a perfect storm for the asset class.

FOMO and irrational exuberance during the 2017 bubble drove asset valuations to exorbitant levels. Valuations are now much higher than before the last bubble, and cryptocurrencies are no longer an unknown form of futuristic financial tech.

The negative stigma associated with the bubble has slowly been shed, and new narratives are developing.

Institutions, hedge funds, and more are finally taking note of the cryptocurrency industry. This type of high wealth investor has recently begun to dip their toes into the space, and a boom in crypto companies going public could further attract institutional interest.

Todaro expects a “number” of these crypto companies to eventually be listed throughout the next year and a half, and it could help strengthen any uptrend the market has started.

If Bitcoin breaks above $20,000, and retail investor FOMO fully returns, coinciding with a new digital gold rush from smart money investors, any new uptrend could lead to astronomical prices.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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