“Long Bitcoin” Flips “Long Tech”

It’s coming, Bitcoin is shining bright as the sun and the world is waking-up to this

Bitcoin overtakes tech as most crowded trade, says Bank of America survey

“In another throwback to the 2017 bull market, a major United States bank fund manager survey, or FMS, has put Bitcoin at the pinnacle of positive investor sentiment.

According to Reuters, 36% of respondents identified a long Bitcoin bet as the most crowded trade ahead of long tech in a Jan. 2021 survey from Bank of America.

January’s report marks the first time that ‘long tech’ has not been number one in BofA’s fund manager survey since Oct. 2019. The result also marks a steady increase in positive investor sentiment for BTC seeing as Bitcoin was third on the list back in Dec. 2020.

Indeed, the Dec. 2020 edition showcased a healthy appetite for risk assets with the majority of asset managers dropping cash for the first time since 2013.”

https://cointelegraph.com/news/bitcoin-overtakes-tech-as-most-crowded-trade-says-bank-of-america-survey

 

 

Master Asked on January 19, 2021 in Bitcoin.
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