Dec 16, · A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was third on the overall list of options for the category, named as the busiest trade by 15% of survey respondents. Only tech stocks (52%) and short [ ]. Dec 16, · A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Dec 16, · Bitcoin’s dizzying rally in has captivated the professional investing class. About 15% of fund managers, with $ billion under management, surveyed by Bank of America Corp. said Bitcoin Author: Vildana Hajric.
Bitcoin crowded tradeFirst Mover: As Bitcoin Shoots Past $18K, There's Comfort in the Crowded Trade - CoinDesk
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As per fund managers of top financial institutions, Bitcoin is the third-most crowded trade after technology stock and shorting the U. Earlier this month, Bank of America conducted a poll between December 4 and December New York-based crypto investment fund CoinFund makes an interesting observation. Ginns expect this trend to continue further and lead to broader institutional adoption in Ginns said that his office has received calls from endowments, pension plans, family offices, and foundations.
Similarly, Chainalysis chief economist Philip Gradwell says that the market is majorly driven by institutional investors from North America. The largest money-rain in BTC has come from this region. The amount of institutional money entering Bitcoin BTC just continues to surge week-after-week over the last few months. The institutional frenzy has also triggered weekly inflows close to half-a-billion-dollars in recent times. As per JPMorgan strategists, this institutional participation can lead to wider adoption ahead in the coming years.
However, investors need to maintain caution as whales are depositing massive BTCs to exchanges and could trigger a selling spree anytime to book profits. All Rights Reserved. Search for:. Price Analysis. ICO Review. Submit ICO Review.