Returning to the bull market once again in 2017, a major poll of US bank directors, or FMS, ranked bitcoin as the number one positive investor sentiment.
According to Reuters, 36% of respondents identified the long bitcoin game as the busiest trade ahead of long tech in a Bank of America poll in January 2021.
The January report indicates for the first time that “long technology” has not been number one in a survey of fund managers conducted by Bank of America since October 2019. The result also points to a steady increase in investor sentiment towards bitcoin, with bitcoin ranking third. list. In December 2020.
In fact, the December 2020 issue showed a good appetite for risky assets, with most asset managers losing money for the first time since 2013.
However, tech stocks are currently facing strong market competition as the Nasdaq Composite and Dow Jones fell 150 and 90 basis points, respectively, in the second week of January.
Back in 2017, bitcoin long positions were selected as the busiest trade in a Global Fund Manager survey by Bank of America and Merrill Lynch.
In another Reuters poll, this time by Deutsche Bank, respondents described Bitcoin as in a bubble. According to the report, more than half of the investors surveyed expected the bitcoin price to drop by 50% by the end of 2021.
Bitcoin is currently showing signs of consolidation above the $ 36,000 mark, which could be the catalyst for another attempt to hit its hourly high above $ 40,000. According to JP Morgan analysts, you should take 40,000 BTC in dollars again or risk another 30% correction.
At the time of writing, Bitcoin’s price is up more than 26% despite being around $ 4,000 per cloud, up from the ATH price it hit on January 8th.