For the first time since October, investors have proven that long-term Bitcoin is the most populous trading space, so long-term positions in tech companies have begun to fall from the top. The short-term position on the US dollar was considered the third most populous trade.
A similar survey by Deutsche Bank revealed that investors said Bitcoin was in a bubble, and 56% of respondents said cryptocurrency is more likely to halve in the next 12 months.
Bitcoin reached $ 40,000 earlier this month and has increased more than 900% since lows in March. Bitcoin, which exceeded $ 30,000 for the first time on January 2, managed to exceed $ 20,000 on December 16.
19% of investors announce that they take more risk than usual
A steeper yield curve was expected by a record 83% of BofA investors, and it was thought to be more than after the collapse of Lehman Brothers in 2008, the Taper Tantrum of the US Federal Reserve in 2013 or the 2016 US elections. The expectation for higher bond yields was at or fairly close to an all-time high.
With record data, 92% of investors surveyed by BofA expected higher inflation next year.
Investors soared on the global growth outlook. Among the fund managers researched by BofA, the rate of those who said that the global economy was in the early cycle phase, contrary to the recession, was at the highest level in 11 years.
19% of the investors surveyed said they are currently taking more risks than usual in terms of investment. It was noted that fund managers who participated in the survey conducted by BofA managed assets of more than $ 500 billion in total.
The biggest queue risks for the economy; 30% were thought to be problems with the introduction of the vaccine, the Fed’s facilitation of asset purchases at 29%, and the presence of a Wall Street bubble at 18%.
Elsewhere, BofA has also seen some money pouring into scant UK stocks. However, this area remained steady as the number one weak spot, with a low rate of 15%.