Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility C...
A new poll of finance managers by Gartner Finance finds that a majority are not planning to hold bitcoin as a corporate asset. In their responses, most of the 77 finance leaders interviewed cite bitcoin’s volatility as one characteristic of the crypto asset that is “extremely difficult to mitigate.” The Concerns of Finance Executives The survey’s findings appear to contradict the growing sentiment that many more listed companies will follow in the footsteps of Telsa, Microstrategy, and Square Inc. In a statement released alongside the survey’s findings,....
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A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany, and the UAE who currently have exposure to cryptocurrencies and digital assets about their crypto investment strategies. It was conducted between May and June. According to the results, 82% of respondents expect to increase their crypto exposure between now and 2023. 40% said they will dramatically....
A global survey of Chief Financial Officers has revealed that hedge funds are planning to hold 7% of their wealth in crypto within the next 5 years. Reuters has described the survey results as a major vote of confidence for cryptocurrency assets within the current market environment. The Hedge Funds Crypto Survey Financial administrator Intertrust […]
The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is Most Crowded Trade but Most See Bubble The Bank of America (BoA) Fund Manager Survey for May, published Tuesday, shows that “long bitcoin” is currently the most crowded trade in the world. Last month, long bitcoin was the second-most crowded trade, with the most crowded trade being “long tech.” Bank of America surveyed 216 fund managers with....
Bitcoin had a bearish weekly close, as the price dipped further below $40,000. The benchmark crypto has experienced low volatility in the past week, but the market could see more action as the monthly close approaches. Related Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours At the time of writing, Bitcoin trades at $38,900 with a 2% loss in the last 24 hours. In the short-term, market sentiment seems to be turning bearish as market participants expect more downside price action. The long-term trends opposite and market participants seem more optimistic....
A CNBC survey of 100 chief investment officers and portfolio managers shows the majority think Bitcoin will end the year below $30,000. 2021 started with an unbelievable run, in which Bitcoin seemed to defy overbought signals, taking its price to $65,000 by mid-April. Since then, a wave of bearishness has taken hold as FUD report […]