Analyst: Bitcoin ETF 'FOMO rally' could push prices to all-time highs

According to a report sent to clients by analysts Gautam Chhugani and Mahika Sapra, Bitcoin's best days are yet to come, and the ETF-led Bitcoin market will see the expected FOMO rebound. AllianceBernstein analysts said the market quickly priced in the new ETF, but has not yet considered the level of ETF inflows or the supply tightening that will come with the upcoming Bitcoin halving. With increasing demand and expected supply reduction, investors may soon seek to cash in on Bitcoin, fearing the potential for lucrative returns from FOMO. Analysts point out that most of the funds flowing into the new ETF come from retail investors, especially Bitcoin "believers," who have found ways to deposit Bitcoin into their brokerage accounts. They note that retail interest in this category is still well below the rebound of 2017 and 2021, but they say more funds may still flow into this category.