{"id":134620,"date":"2020-12-16T07:06:31","date_gmt":"2020-12-16T04:06:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-the-third-most-crowded-trade-in-global-fund-manager-survey\/"},"modified":"2020-12-16T07:06:31","modified_gmt":"2020-12-16T04:06:31","slug":"bitcoin-the-third-most-crowded-trade-in-global-fund-manager-survey","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-the-third-most-crowded-trade-in-global-fund-manager-survey\/","title":{"rendered":"# Bitcoin the third &#8216;most crowded trade&#8217; in global fund manager survey"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin the third &#8216;most crowded trade&#8217; in global fund manager survey<br \/>\n<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvMjVkOTVhNTUtZmMxMy00ZTQ1LTk4ZmQtMGNkMTgzZGU4NjMxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>\nA new survey of global fund managers reveals that Bitcoin has<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-15\/bofa-flags-sell-signal-for-stocks-as-investors-rush-out-of-cash\"> climbed<\/a> in the rankings of \u201cmost crowded trade\u201d beating out traditional investments like gold and bonds.\u00a0<\/p>\n<p>Bitcoin was third on the overall list of options for the category, named as the busiest trade by 15% of survey respondents. Only tech stocks (52%) and short dollar positions (18%) ranked higher.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BofA Fund Manager Survey of the most crowded trades<\/p>\n<p>ht <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jsblokland?ref_src=twsrc%5Etfw\">@jsblokland<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KvlP8bTe7x\">pic.twitter.com\/KvlP8bTe7x<\/a><\/p>\n<p>\u2014  (@chigrl) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chigrl\/status\/1338818238046740480?ref_src=twsrc%5Etfw\">December 15, 2020<\/a>\n<\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The Global Fund Manager Survey was conducted by Bank of America Merrill Lynch between the period of Dec. 4\u00a0 to 10 and asked 217 fund managers collectively responsible for $534 billion in assets, a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of questions related to trends in investor behavior.<\/p>\n<p>A related question asked respondents if they held Bitcoin long positions, to which 15% responded affirmatively, which is three times more than last month\u2019s total of 5%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> &#8212; less than 5% of global fund managers have heard of Bitcoin.  We&#8217;re still early<\/p>\n<p>(Bank of America survey Dec 15, 2020) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/txNjw7zZtD\">pic.twitter.com\/txNjw7zZtD<\/a><\/p>\n<p>\u2014 Mira Christanto (@asiahodl) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/asiahodl\/status\/1338804231826903040?ref_src=twsrc%5Etfw\">December 15, 2020<\/a>\n<\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In a year in which money printing and stimulus has triggered fears of massive inflation, the trend away from cash and into uncorrelated assets such as Bitcoin is clearly highlighted by the survey\u2019s results. <\/p>\n<p>Many investment managers are seriously considering Bitcoin purchases for the first time, encouraged by the example of famous investments made by MicroStrategy, Square and Paul Tudor Jones. Following suit, insurance company MassMutual and investment manager Ruffer disclosed massive Bitcoin purchases in the last week as well.<\/p>\n<p>The Bank of America survey also found the fund managers are<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-15\/bofa-flags-sell-signal-for-stocks-as-investors-rush-out-of-cash\"> underweight<\/a> in cash for the first time since 2013, after buying a disproportionate amount of stocks, commodities and other assets including Bitcoin over the last few months. <\/p>\n<p>This is not the first time Bitcoin has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared in Bank of America\u2019s monthly survey. In Dec. 2017, Bitcoin<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2017\/12\/19\/merrill-survey-bitcoin-is-the-most-crowded-investment-in-the-world.html\"> topped<\/a> the survey\u2019s list of most crowded trades, with 32% of respondents naming Bitcoin as the \u201cmost crowded trade.\u201d <\/p>\n<p>Bitcoin was named for the first time in a Sept. 2017 edition of the survey, in which it received 26% of respondent votes for \u201cmost crowded trade.\u201d<\/p>\n<p>On Aug. 18 2020, Bitcoin surpassed Bank of America in market cap size for the first time. Bitcoin now exceeds Bank of America in this metric by 45%.\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-the-third-most-crowded-trade-in-global-fund-manager-survey\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin the third &#8216;most crowded trade&#8217; in global fund manager survey &#8221; A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of \u201cmost crowded trade\u201d beating out traditional investments like gold and bonds.\u00a0 Bitcoin was third on the overall list of options for the category, named as the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":134621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/25d95a55-fc13-4e45-98fd-0cd183de8631.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[86524,77742,74862,76153,70551,73711,70359,71407],"class_list":["post-134620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-asset-management","tag-bank-of-america","tag-bitcoin","tag-dollar","tag-inflation","tag-investments","tag-stocks","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/134620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=134620"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/134620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/134621"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=134620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=134620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=134620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}