Nearly 75% of professional investors see Bitcoin as bubble: survey
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin. Bank of America released a new survey that found that the majority of professional investors are not very optimistic about the world’s largest cryptocurrency.Nearly 75% of respondents in the April BofA Fund Manager Survey said that they see Bitcoin as a “bubble,” CNBC reported.The survey polled 200 respondents with $533 billion in assets under management. Just 16% of respondents said Bitcoin is not a bubble, while 10% were uncertain.Source: Yahoo Finance/BofA....
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The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in a bubble. Bank of America Survey Shows Most Fund Managers Think Bitcoin Is a Bubble The Bank of America Fund Manager Survey for April shows that the majority of fund managers see bitcoin as a bubble. The survey asks 200 fund managers with $533 billion in assets under management.....
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