Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey

Bitcoin Now the Most Crowded Trade – Labeled a 'Bubble' in Bank of America SurveyAccording 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 […]

Bank of America Predicts ‘Mother of All Bubbles’ for Bitcoin

Bank of America Predicts 'Mother of All Bubbles' for BitcoinBank 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

$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal ActivitiesTop 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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Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’

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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