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

Bank of America Survey: 74% of Fund Managers See Bitcoin as a BubbleThe 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 […]

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition

After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested […]

Bitcoin Near ‘Extreme Bubble’ but Tesla More Vulnerable: Deutsche Bank Survey

Bitcoin Near 'Extreme Bubble' but Tesla More Vulnerable: Deutsche Bank SurveyDeutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock. Deutsche Bank’s Bubble Survey A survey published Tuesday by Deutsche Bank asked 627 market professionals to […]

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 […]

Mark Cuban: Crypto ‘Exactly’ Like Dot-Com Bubble — Expects Bitcoin to Survive Bubble Burst, Thrive Like Amazon

Mark Cuban: Crypto 'Exactly' Like Dot-Com Bubble, Expects Bitcoin to Survive Bubble Burst and Thrive Like AmazonBillionaire Shark Tank investor Mark Cuban sees cryptocurrency “exactly” like the dot-com bubble. He says bitcoin and a few other cryptocurrencies are analogous to those dot-com stocks, like Amazon and Ebay, that survived the bubble burst and thrived. Mark Cuban Likens Crypto to Dot-Com Bubble Shark Tank star Mark Cuban compared what he feels is […]

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 […]