Bank of America survey: A quarter of fund managers expect the price of Bitcoin to rise above $75,000 in 12 months

According to the latest Bank of America survey of global fund managers, a quarter (25%) of the fund managers surveyed expect that the price of Bitcoin will rise above $75,000 within 12 months, and 20% of fund managers believe Bitcoin will remain relatively stable, with a price between US$50,000 and US$75,000, and 19% of fund managers believe that the price of Bitcoin will fall to between US$25,000 and US$50,000.

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The survey also showed that 37% of the survey respondents chose to go long technology stocks for which transactions are the "most crowded" transactions, followed by long Bitcoin (21%), while 14% chose long ESG. %, the proportion of short US Treasury bonds rose to 13% from 10% in October.

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Last month, only about 10% of fund managers believed that Bitcoin was the "most crowded" transaction.

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This month’s survey shows that 59% of fund managers believe that Bitcoin is in a bubble, and in May of this year, 75% of respondents pointed out that Bitcoin is in a bubble.

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Looking ahead to 2022, which assets will perform best next year? Regarding this question, 12% of the respondents chose Bitcoin. In contrast, only 10% of the respondents believed it was oil and gold. The largest number of respondents who chose emerging market stocks reached 34%.

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It is reported that the Bank of America survey involved 345 fund managers from all over the world, and the total size of funds under their management exceeded US$1 trillion.