{"id":18044,"date":"2020-12-28T18:00:16","date_gmt":"2020-12-28T18:00:16","guid":{"rendered":"http:\/\/ci027cfe7ae0092697"},"modified":"2020-12-28T18:00:16","modified_gmt":"2020-12-28T18:00:16","slug":"the-bitcoin-magazine-fomometer","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/the-bitcoin-magazine-fomometer","title":{"rendered":"The Bitcoin Magazine FOMOmeter"},"content":{"rendered":"
<\/div>
<\/figure>\n

As bitcoin the asset eclipses all-time price<\/a> and market cap<\/a> highs, and Bitcoin the decentralized network continues to prove its value proposition as an alternative to fundamental issues within the legacy system, waves of investors are feeling the FOMO (or, \u201cfear of missing out\u201d). <\/p>\n

Metrics like the price of BTC<\/a>, unique addresses used<\/a> or confirmed transactions per day<\/a> can offer glimpses into the growth of Bitcoin FOMO on a network scale. But they don\u2019t highlight the whales, institutional leaders and influential figures who are publicly signaling support for Bitcoin and bringing significant net worth and legacy clout with them.<\/p>\n

So, to account for some of the institutional figures who have publicly FOMO\u2019d into Bitcoin, we present the Bitcoin Magazine <\/em>FOMOmeter. Below, you\u2019ll find our list of the most influential people who have jumped onto the BTC bandwagon, along with the earliest known date of their conversion, some highlights from their resume and their most bullish sentiments on record.<\/p>\n

Scott Minerd<\/h2>\n

Public FOMO Date:<\/strong><\/p>\n

December 16, 2020<\/p>\n

Bio:<\/strong><\/p>\n

Global chief investment officer of Guggenheim Partners, with $270 billion in assets under management.<\/p>\n

Bullish Sentiments:<\/strong><\/p>\n

\u201cOur fundamental work shows that bitcoin should be worth about $400,000.\u201d \u2013 Bloomberg TV<\/a>.<\/p>\n

Rick Rieder<\/h2>\n

Public FOMO Date:<\/strong><\/p>\n

November 20, 2020<\/p>\n

Bio:<\/strong><\/p>\n

Chief investment officer of Global Fixed Income and head of the Global Allocation Team for BlackRock, with some $1.8 trillion under management.<\/p>\n

Bullish Sentiments:<\/strong>
\u201cI think [bitcoin] is a durable mechanism that \u2014 do I think could replace gold to a large extent? Yeah I do, because it’s so much more functional.\u201d \u2013 CNBC<\/a><\/p>\n

Ricardo Salinas Pliego<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

November 17, 2020:<\/strong>Pliego announced publicly that he holds bitcoin on November 17, 2020.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$12.7 billion<\/p>\n

Bio:<\/strong><\/p>\n

Founder and chairman of telecommunications, media and financial services conglomerate Grupo Salinas. Mexico\u2019s second-wealthiest citizen.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cBitcoin protects the citizen from government expropriation\u2026 YES. I have 10% percent of my liquid portfolio invested.\u201d \u2013 Translated from Twitter<\/a><\/p>\n

Stanley Druckenmiller<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

November 9, 2020:<\/strong>Druckenmiller first indicated his preference for Bitcoin on November 9, 2020.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$4.4 billion<\/p>\n

Bio:<\/strong><\/p>\n

Hedge fund manager and former chairman of Duquesne Capital. Famously shorted the British pound<\/a> with George Soros in 1992, netting billions of dollars in profit.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cI\u2019m a bit of a dinosaur, but I have warmed up to the fact that bitcoin could be an asset class that has a lot of attraction as a store of value\u2026 Frankly, if the gold bet works, the bitcoin bet will probably work better because it\u2019s thinner, more illiquid and has a lot more beta to it.\u201d \u2013 CNBC<\/a><\/p>\n

Jim Cramer<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

September 14, 2020: On an episode of \u201cThe Pomp Podcast\u201d released on September 14, 2020, Cramer said that he would invest 1 percent of his net worth into bitcoin.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$100 million<\/p>\n

Bio:<\/strong><\/p>\n

Former hedge fund manager; author; host of CNBC\u2019s \u201cMad Money\u201d; co-founder of TheStreet.com.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cGold will do okay, the houses will do okay, those will keep me running in pace. The idea of actually making money, well holy cow, I\u2019ll take a shot at that with 1 percent.\u201d \u2013 \u201cThe Pomp Podcast<\/a>\u201d<\/p>\n

Michael Saylor<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

August 11, 2020: Saylor\u2019s MicroStrategy invested $250 million in bitcoin on August 11, 2020, then bought $175 million more the next day.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$500 million<\/p>\n

Bio:<\/strong><\/p>\n

Co-founder and CEO of MicroStrategy; author; trustee of online education platform Saylor Academy.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cBitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster and stronger behind a wall of encrypted energy.\u201d \u2013 Twitter<\/a><\/p>\n

Paul Tudor Jones<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

May 11, 2020: Jones first publicly espoused his belief in Bitcoin on May 11, 2020.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$5.8 billion<\/p>\n

Bio:<\/strong><\/p>\n

Longtime hedge fund manager, founder of Tudor Investment, considered one of the best macroeconomic traders in history.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cI think we are in the first inning of bitcoin and it\u2019s got a long way to go\u2026 Bitcoin has this enormous continence of really, really smart and sophisticated people who believe in it.\u201d \u2013 CNBC<\/a><\/p>\n

Jack Dorsey<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2017: Dorsey has said that he first became fascinated with Bitcoin in 2017.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$11.4 billion<\/p>\n

Bio:<\/strong><\/p>\n

Co-founder and CEO of Twitter; founder and CEO of Square.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cImagine being born this year, growing up only known that the potential for a global currency exists\u2026 It feels like that just accelerates things even faster. So I think there\u2019s a massive acceleration that\u2019s going to happen within the next 10 years.\u201d \u2013 \u201cTales From The Crypt<\/a>\u201d<\/p>\n

Peter Thiel<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2017: In 2017, Thiel\u2019s Founders Fund invested $15 million to $20 million into bitcoin.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$5.4 billion<\/p>\n

Bio:<\/strong><\/p>\n

Co-founder of PayPal, Palantir Technologies and Founders Fund; the first outside investor in Facebook.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cI do think people are a little bit \u2026 underestimating bitcoin especially because \u2026 it\u2019s like a reserve form of money, it\u2019s like gold, and it\u2019s just a store of value.\u201d \u2013 Future Investment Initiative<\/a><\/p>\n

Cathie Wood<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2015: Wood has said that she started buying bitcoin in 2015 at $250 prices.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$250 million<\/p>\n

Bio:<\/strong><\/p>\n

Founder and CEO of Ark Investment Management, which oversees an $8.6 billion fund.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201c[Bitcoin is] so much bigger an idea than even Apple, which is a pretty big idea.\u201d \u2013 CNBC<\/a><\/p>\n

Reid Hoffman<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2013: Hoffman has said that he first sought out more Bitcoin knowledge in the summer of 2013.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$2.1 billion<\/p>\n

Bio:<\/strong><\/p>\n

Co-founder of LinkedIn; obtained early stakes in Facebook, Airbnb and Dropbox.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201c[Bitcoin\u2019s] attributes all bound together are what convinced me that there\u2019s a certainty that there will be at least one global cryptocurrency and that there\u2019s a good argument that it\u2019s Bitcoin.\u201d \u2013 Entrepreneur<\/em><\/a><\/p>\n

Bill Miller<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2013: Miller has said that he bought bitcoin in 2013 when it was trading \u201cat around $200.\u201d<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$500 million<\/p>\n

Bio:<\/strong><\/p>\n

Chairman of Miller Value Partners, which manages $3 billion in assets.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cThe bitcoin story is very easy. It\u2019s supply and demand. Bitcoin\u2019s supply is growing around 2.5 percent a year and the demand is growing faster than that.\u201d \u2013 CNBC<\/a><\/p>\n

Chamath Palihapitiya<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2013: Palihapitiya\u2019s Social Capital invested in bitcoin in 2013.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$1 billion<\/p>\n

Bio:<\/strong><\/p>\n

CEO of Social Capital, chairman of Virgin Galactic and owner of the Golden State Warriors NBA franchise.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cWhat it will do is it will create a quasi gold standard. It\u2019ll create an index, except instead of having to own gold where gold is owned by central banks, it is an instrument that has value that\u2019s determined in between its participants, and it\u2019s owned by everybody.\u201d \u2013 \u201cThe Pomp Podcast<\/a>\u201d<\/p>\n

Tim Draper<\/h2>\n

Public FOMO Date: <\/strong><\/p>\n

2011:<\/strong>Draper has written that he was introduced to Bitcoin in 2011 and \u201caround that time\u201d asked Coinlab CEO Peter Vincennes to invest $250,000 into bitcoin through Mt. Gox.<\/p>\n

Estimated Net Worth:<\/strong><\/p>\n

$1 billion<\/p>\n

Bio:<\/strong><\/p>\n

Venture capital investor; founder of Draper Fisher Jurveston and Draper Associates; investor in Skype, Tesla, SpaceX, Twitter, Coinbase and Twitch.<\/p>\n

Bullish Sentiments: <\/strong><\/p>\n

\u201cWhen bitcoin is mature, I expect people to run to bitcoin the way they do to gold when the market gets scary.\u201d \u2013 Bitcoin Magazine<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As waves of investors FOMO into Bitcoin, our FOMOmeter keeps tabs on the most influential new HODLers and their sentiments about the asset.<\/p>\n","protected":false},"author":2705,"featured_media":18045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[2802,1248],"class_list":{"0":"post-18044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-fomo","9":"tag-institutional-investors"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/the-bitcoin-magazine-fomometer.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/18044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=18044"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/18044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/18045"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=18044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=18044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=18044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}