When Robinhood FOMO? Bitcoin Price Pulling a ‘Kodak’ Means Six Figures

When Robinhood FOMO? Bitcoin Price Pulling a ‘Kodak’ Means Six Figures

Gate Trade News Thursday, July 30, 2020 19 0

If Bitcoin sees similar FOMO rallies like KODK in recent days, BTC price could quickly soar to six figures, as some analysts have previously predicted.

 

Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. 

 

The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day. 

 

Therefore, given the current climate of economic uncertainty and “infinite QE,” if the optimism around risk-assets flows over to Bitcoin, chances of a similar rally for BTC price as some analysts are currently predicting certainly increase.