The cryptocurrency exchange Kraken
$555.19M
recently released the Crypto FOMO Survey 2024 results, which examines the emotions driving crypto holders in the US.
The survey, with 1,248 participants, explores the role of fear—fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD)—in influencing their crypto investment decisions.
One of the most important findings is that 88% of those surveyed feel they missed crucial gains. This sense of regret likely stems from Bitcoin’s explosive growth.
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On December 5, Bitcoin
$99,699.42
reached a historic high of $100,000 for the first time, marking a 126% increase since the start of the year. This rally has left many feeling like they missed their chance to cash in.
Emotions have had a clear impact on decision-making. Kraken found that 63% of respondents recognized that emotional responses had negatively impacted their investments, highlighting how relying too heavily on market sentiment can lead to costly mistakes.
When asked about their biggest fears, 81% admitted they had made investment decisions based on FUD. At the same time, 84% said they had acted out of FOMO during price rallies.
Additionally, 60% of participants pointed to the possibility of missing out on a sudden price surge as their primary concern.
While the crypto market’s volatility drives investors’ decision-making fears, Bitcoin’s recent surge past $100,000 has sparked excitement. How did Bitcoin holders react to this big milestone? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
