81% of stock managers surveyed by Bank of America called the bitcoin market a bubble, despite a 35% drop in the price in May. Bloomberg reports.
Last month, 75% of respondents were of the same opinion.
Data: Bloomberg.
At the same time, according to the results of the survey, which captures the opinion of 207 investors with total assets of $ 645 billion, long positions in the cryptocurrency are named the second in demand after rates on the growth of commodities.
Data: Bloomberg.
Other highlights from the Bank of America survey include:
72% of respondents called inflation a temporary phenomenon;
63% expect the Fed to signal a cut in cash injections into the economy in August-September;
53% of investors are confident that the correction in the stock market in the next six months will be less than 10%.
According to a Goldman Sachs survey of top hedge fund managers in late May, Bitcoin was the least attractive asset for long-term structures.
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