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Bank Of America Survey Shows Bitcoin Investment Craze Overwhelms Tech Stocks

Mary Liu

Summary: The latest survey report released by Bank of America shows that the craze of Bitcoin investment overwhelms technology stocks as the most crowded trade, 36% of respondents believe that "long Bitcoin" is better than "long tech", according to Reuters. For the "most crowded trade" list, Bitcoin ranked third in December 2020, so the latest result ...

The latest survey report released by Bank of America shows that the craze of Bitcoin investment overwhelms technology stocks as the most crowded trade, 36% of respondents believe that "long Bitcoin" is better than "long tech", according to Reuters.

For the "most crowded trade" list, Bitcoin ranked third in December 2020, so the latest result marked a steady rise in investor positive sentiment towards Bitcoin, it is also the first time since October 2019 that technology stocks have fallen from the top of the ranking.

By Mary Liu

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