‘Long Bitcoin’ chosen as most crowded trade in latest BofA survey

Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America (NYSE:BAC), this could indicate that the current bull cycle’s market top is still to come. Bank of America’s most recent fund manager poll suggests that the “long Bitcoin” bet is now the most crowded trade across all markets, with nearly 45% of respondents indicating it ahead of other trades like “long tech,” Bloomberg reported Tuesday. The new BofA survey captured responses from 194 fund managers with $592 billion worth of assets under management. Continue Reading on Coin Telegraph We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Leave A Comment

I accept & understand that ExzoCoin 2.0 (EXZO) is strictly a utility token not security or any form of investment of any sort. ExzoCoin 2.0 is utilized as a voucher and a loyalty reward system that enables individuals to gain access to our platforms and services. There is no tie or correlation between Exzo's leadership or contractors efforts to the price of the ExzoCoin 2.0 (EXZO) utility token. I understand ExzoCoin 2.0 (EXZO) is NOT an investment of money, not in a common enterprise, purchasers should hold no expectation of profits from the investment, where those profits are derived primarily from the efforts of others. By clicking accept you agree that you acknowledge, accept, and understand the disclaimers. Continuing on to this website without clicking the "I acknowledge & accept" button will act as confirmation of your acceptance of this disclaimer.