How ‘FOMO’ is driving the cryptocurrency boom

A “fear of missing out” is definitely a driving factor in the cryptocurrency boom, the Director of the Master of Financial Technologies at Swinburne University says.

Tom Elliott is the first to admit he’s concerned by the amount of money being tipped into the “speculative” investment he says has shown no sign of becoming a long-term currency.

Dr Dimitrios Salampasis said there was no doubt many people were simply afraid of missing out, should that eventuate.

“There is a lot of hype, at the moment,” he said.

“We can see that in the market fluctuations.”

Press PLAY below to hear him explain

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