The Future Coin

Bitcoin

$46,087.37

BTC -5.99%

Ethereum

$1,459.82

ETH -8.65%

XRP

$0.43

XRP -6.86%

Litecoin

$170.58

LTC -3.90%

EOS

$3.56

EOS -6.69%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Bitcoin News

Bitcoin is ‘most crowded’ trade: survey

by The Future Coin
January 20, 2021
in Bitcoin News
0
Bitcoin is ‘most crowded’ trade: survey
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Gerber Kawasaki CEO Ross Gerber and KRBE Digital Assets co-founder Isaiah Jackson share their thoughts on investing in Bitcoin and Tesla.

Big-money managers say too many investors have piled into the red-hot cryptocurrency bitcoin at the start of 2021, according to a Bank of America survey conducted in January.

“Long bitcoin jumps to the top with 36% of FMS investors saying it is the most ‘crowded trade’ dethroning ‘long tech’ for the first time since Oct ’19,” wrote Michael Hartnett, chief investment strategist at Bank of America.

Long technology (31%), short the U.S. dollar (23%) and long corporate bonds (4%) also made the list.

The Charlotte, North Carolina-based lender surveyed 194 participants with $561 billion in assets under management between Jan. 8 and Jan. 14.

The survey was conducted in the week after bitcoin closed at its all-time high of $40,797 on Jan. 7, up 39% year-to-date. Bitcoin had soared 871% since the start of 2020, a rally that lifted its market capitalization to as much as $770 billion before the cryptocurrency settled at $36,069 on Tuesday.

While respondents were worried about bitcoin being the “most crowded” trade, bullish investor sentiment points to an “imminent” correction risk for the stock market, according to Hartnett.

Cash levels fell to 3.9%, the lowest since March 2013 as allocation to equities reached a two-year high. The firm’s Bull & Bear sits at 7.1, just below the 8 that is a “sell signal.”

Catalysts for a correction include peak growth on the vaccine/virus or peak liquidity on a higher dollar/rates.

Investors were still optimistic about the global economy amid their calls for a correction.

A net 73% of respondents said the global economy is in an early-cycle phase compared to a net 9% who said it remained in recession.

Additionally, a net 92% of FMS investors expect higher inflation over the next year.

Favorite contrarian trades among the investors include long Treasury bills-short commodities, long U.S. dollar-short emerging markets and long consumer staples-short small caps.

Source link

EDITOR’S CHOICE

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC - Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

From mail-in ballots to business as usual, Vermont municipalities prepare for Town Meeting

CI files prospectus for Ethereum ETF - Advisor.ca

Crypto bull run on track amid surge in US inflation expectations

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 46,122.00
ethereum
Ethereum (ETH) $ 1,464.62
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 222.62
cardano
Cardano (ADA) $ 1.07
polkadot
Polkadot (DOT) $ 29.63
xrp
XRP (XRP) $ 0.429302
litecoin
Litecoin (LTC) $ 170.56
chainlink
Chainlink (LINK) $ 24.84
bitcoin-cash
Bitcoin Cash (BCH) $ 478.52
usd-coin
USD Coin (USDC) $ 1.01
stellar
Stellar (XLM) $ 0.369592
uniswap
Uniswap (UNI) $ 22.36
dogecoin
Dogecoin (DOGE) $ 0.050294
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 45,949.00
okb
OKB (OKB) $ 15.89
nem
NEM (XEM) $ 0.457377
cosmos
Cosmos (ATOM) $ 17.12
aave
Aave (AAVE) $ 322.62
crypto-com-chain
Crypto.com Coin (CRO) $ 0.152156
solana
Solana (SOL) $ 13.66
monero
Monero (XMR) $ 201.03
eos
EOS (EOS) $ 3.55
bitcoin-sv
Bitcoin SV (BSV) $ 178.86
tron
TRON (TRX) $ 0.044599
iota
IOTA (MIOTA) $ 1.09
theta-token
Theta Network (THETA) $ 2.99
huobi-token
Huobi Token (HT) $ 16.07
havven
Synthetix Network Token (SNX) $ 17.97
neo
NEO (NEO) $ 36.90
tezos
Tezos (XTZ) $ 3.33
terra-luna
Terra (LUNA) $ 6.01
vechain
VeChain (VET) $ 0.038641
ftx-token
FTX Token (FTT) $ 27.03
dai
Dai (DAI) $ 1.01
binance-usd
Binance USD (BUSD) $ 1.01
cdai
cDAI (CDAI) $ 0.021404
dash
Dash (DASH) $ 211.30
avalanche-2
Avalanche (AVAX) $ 26.50
the-graph
The Graph (GRT) $ 1.63
elrond-erd-2
Elrond (EGLD) $ 110.91
kusama
Kusama (KSM) $ 211.83
filecoin
Filecoin (FIL) $ 34.40
leo-token
LEO Token (LEO) $ 1.97
celsius-degree-token
Celsius Network (CEL) $ 4.92
compound-usd-coin
cUSDC (CUSDC) $ 0.021901
compound-ether
cETH (CETH) $ 29.25
maker
Maker (MKR) $ 1,984.08
sushi
Sushi (SUSHI) $ 13.75
compound-governance-token
Compound (COMP) $ 389.28