Cryptocurrencies “challenge the ability of governments to levy taxes and to control capital flows more broadly,” the report says.
Category: Bank of America
Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of the interviewed fund managers believe bitcoin […]
Bitcoin overtakes tech as most crowded trade, says Bank of America survey
“Long Bitcoin” has once again flipped “long tech” as the most crowded trade based on Bank of America’s recent fund manager survey.
Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey
Bank of America’s January survey of fund managers indicated bitcoin is now seeing the most capital inflow.
Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
Bank of America Predicts ‘Mother of All Bubbles’ for Bitcoin
Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the “increasingly speculative” investing behavior of bitcoin. Bank of America Warns of Huge Bitcoin Bubble Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge […]
$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs. Big Banks’ $200 […]
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Bitcoin the third ‘most crowded trade’ in global fund manager survey
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.
Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’
The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists at Bank of America Corp. now […]
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Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash
The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified.