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. Dec 15, · 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. Dec 16, · [ December 18, ] $1 Million Bitcoin Giveaway: Rapper Megan Thee Stallion Hands Out Free BTC on Twitter Bitcoin [ December 18, ] Spanish Banking Giant Prepared For Bitcoin, PayPal’s BTC Game + More News Bitcoin [ December 18, ] Live Updates: Latest Stock Market News Bitcoin.
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Bank of America survey Dec 15, pic. Many investment managers are seriously considering Bitcoin purchases for the first time, encouraged by the example of famous investments made by MicroStrategy, Square and Paul Tudor Jones. Following suit, insurance company MassMutual and investment manager Ruffer disclosed massive Bitcoin purchases in the last week as well. The Bank of America survey also found the fund managers are underweight in cash for the first time since , after buying a disproportionate amount of stocks, commodities and other assets including Bitcoin over the last few months.
In Dec. Bitcoin was named for the first time in a Sept. 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. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website. Follow this post. Unfollow this post. This comment has already been saved in your Saved Items.
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