BANK OF AMERICA: Bitcoin is the ‘most crowded’ trade

September 16, 2017
67 Views

Count large fund managers among those unable to resist the allure of bitcoin’s massive returns.

Owning the scorching-hot cryptocurrency — which has surged more than 350% this year — is seen as the most crowded trade to a pool of 214 fund managers overseeing $629 billion, according to a survey conducted by Bank of America Merrill Lynch.

To be specific, 26% of investors surveyed in September said they viewed being long bitcoin as the most crowded position. Coming in second place and being dethroned from the top spot was the long Nasdaq trade, with …read more

You may be interested

Animal cruelty: RSPCA seeking identity of drivers who strapped puppy in cage to roof of car – Courier Mail
australia
shares20 views
australia
shares20 views

Animal cruelty: RSPCA seeking identity of drivers who strapped puppy in cage to roof of car – Courier Mail

doyelteam - Sep 25, 2017

Courier MailThese were the conditions a young puppy was subjected to over the weekend when it was spotted in an…

Eunji Ban murder-accused had gone out looking to kill someone: Court – The Sydney Morning Herald
australia
shares22 views
australia
shares22 views

Eunji Ban murder-accused had gone out looking to kill someone: Court – The Sydney Morning Herald

doyelteam - Sep 25, 2017

The Sydney Morning HeraldThe legal team for a man accused of murdering a South Korean student in the Brisbane CBD…

THE CHATBOT MONETIZATION REPORT: Sizing the market, key strategies, and how to navigate the chatbot opportunity (FB, AAPL, GOOG)
technology
shares28 views
technology
shares28 views

THE CHATBOT MONETIZATION REPORT: Sizing the market, key strategies, and how to navigate the chatbot opportunity (FB, AAPL, GOOG)

doyelteam - Sep 25, 2017

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about…