bank of america crypto

Auto Added by WPeMatico

Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble

by

The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in a bubble. Bank … Read more

Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

by

Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America … Read more