Sec Reissues Warning Ahead of Bitcoin ETF Decision

The Securities and Exchange Commission (SEC) has reissued its warning against the “Fear of Missing Out (FOMO)” behavior for cryptocurrency and other trending investments days ahead of the regulator’s decision on the fate of Bitcoin exchange-traded funds (ETFs).

In a tweet on Friday, the regulator highlighted “NO GO to FOMO,” adding that “just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you.”

#SECInvestingResolution 5: Say “NO GO to FOMO” (fear of missing out). Just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you. Learn more about finding out what’s right for you and your investing goals: https://t.co/fixDWoNFrF pic.twitter.com/SGf1z6xmhL

— SEC Investor Ed (@SEC_Investor_Ed) January 6, 2024

The US regulator first issued a warning against FOMO on 23 January 2021 in a blog post when the cryptocurrency and the stock markets were rallying upwards. Despite the warning, Bitcoin and several other altcoins touched their peak value by November 2021. The regulator reissued its warning in March 2022.

Although the recent warning did not mention any specific asset class, the original blog post named cryptocurrencies and meme stocks. Further, the timing of the warning points out the SEC’s concerns, as Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term value is going up in anticipation of the Bitcoin ETF approval.