Earlier this week, a Bank of America survey found that bitcoin (BTC) is preferred by US hedge fund managers over technology, but a Goldman Sachs survey among top executives in Asia suggests otherwise.

Goldman Sach Global Investment Research has published a new survey among 25 senior investment managers from various hedge funds in Asia. The results show that bitcoin is the least preferred investment category for 35% of respondents.

“Earlier this week, we had two CIO roundtables with 25 CIOs from various long-term and hedge funds,” wrote Timothy Moe, Goldman Sachs strategist. ”

A global survey of investment research by Goldman Sachs. Source: Bloomberg
New listings follow bitcoin as the least preferred investment method with 25%.

On the other hand, more than half (55%) choose to invest in growth, ie in companies that offer significant profit growth. Then comes the value-oriented investment (30%), ie the search for undervalued assets in the market.

Although the sample size of the survey is small for generalization, the Goldman Sachs survey stands in stark contrast to the recent Bank of America (BofA) survey. A BofA poll based on responses from 194 fund managers with $ 592 billion in assets shows that Bitcoin Long-betting is currently the busiest trade across all markets.

Long Bitcoin has bypassed technical trading, with 45% of respondents choosing the largest cryptocurrency over technology, according to a BofA survey. BofA notes in the survey that trades that have been identified as large volume trades have historically suggested future highs for their markets.

After a bearish month, Bitcoin had a rough start until June. Since miners have sold over 5,000 bitcoins in the past week, bitcoin has fallen to $ 33,000 for the first time since May 23.

This week alone, the global cryptocurrency market has lost around $ 500 billion. The losses in the last two months after the peak in April completely interrupted market growth in the previous quarter.

Source: CoinTelegraph

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