Bitcoin the third 'most crowded trade' in global fund manager survey

[Charles-Tim]

This is worth knowing as institutions are shifting gradually from traditional assets into bitcoin. A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. 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.

The Global Fund Manager Survey was conducted by Bank of America Merrill Lynch between the period of Dec. 4  to 10 and asked 217 fund managers collectively responsible for $534 billion in assets, a series of questions related to trends in investor behavior. A related question asked respondents if they held Bitcoin long positions, to which 15% responded affirmatively, which is three times more than last month’s total of 5%.

Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.
https://cointelegraph.com/news/bitcoin-the-third-most-crowded-trade-in-global-fund-manager-survey

[Lucius]

Probably someone will someday say "in 2020 big investors have finally discovered Bitcoin" and some will surely say "better ever than never". Opinions, however, are divided over whether it is good or bad that this is happening, even though it must have happened at one point.

It is interesting to see the fact that we have an increase of as much as 10% in just one month, and it will be even more interesting to see what happens in the coming months. Although many are turning into true believers after years of negative thinking about Bitcoin, there will certainly be resistance from some old investors like Warren Buffett and the like for some time to come. But they are already too old for change and with one foot in the grave, so they are less and less relevant.

[dothebeats]

Crowded, er..

Well it’s no surprise that they will come up with such data since it is the fastest growing asset right now. Plus they can pretty much have access to bitcoin provided they completed basic checks that they also do in banks. Profit realization is much faster in such a volatile market compared to slow-moving assets like gold and traditional stocks. It’s just funny that a few years ago, the same fund managers criticize bitcoin for being highly volatile, but look at them now.

[erikoy]

What to expect with bitcoin growing so fast across the globe. There is no reason that every traders will going to skip on investinf bitcoin especially if they had already a background in trading then high chance that even a slight knowledve about bitcoin one could be tempted to join. The ATH in 2017 to compare the current market could be consider as an attraction to invest in bitcoin. If not with ATH then probably it will not going to catch the non traders too to invest.

[Beparanf]

The problem was Bitcoin trading volume and popularity is not consistent. Yes Bitcoin is really growing fast considering the survey but the problem was the survey is done during the crypto market is hype. I believe BTC is already in this position or close to it last 2017. Consistency is the really issue in this volatile market, I want to see another survey once the hype is over and I believe that is the normal result.

[yazher]

Crowded, er..

Well it’s no surprise that they will come up with such data since it is the fastest growing asset right now. Plus they can pretty much have access to bitcoin provided they completed basic checks that they also do in banks. Profit realization is much faster in such a volatile market compared to slow-moving assets like gold and traditional stocks. It’s just funny that a few years ago, the same fund managers criticize bitcoin for being highly volatile, but look at them now.

The price today is still at $19,737.16 base on https://www.coindesk.com/price/bitcoin

What more if the price will surge even more than that? I think if we still have more words than crowded we can use it when it happens.

[TheUltraElite]

Definitely a good thing to see. Tech stocks are currently leading but FMCG is a stable sector too if you are looking to invest in any of those.

Bitcoin though comes from a different sector, I like to differenciate it to crypto in general but for me only bitcoin is in that group. Altcoins dont need to be there.

Seeing fund managers putting assets in bitcoin means institutional money coming into crypto. This should be a bullish trend but note that fund managers dont give much importance to long term hold. They are managing funds and if they notice certain asset dropping low making the portfolio look bad, they will back out of it. Because their job pays them to keep that portfolio all green.

[Sebas.tian]

Words aren't enough to quantify "Bitcoin as the third most crowded trade in global fund manager survey", this digital gold has done more that we all thought it to be. Personally, i wonder when there will be more institutions to make their investment into Bitcoin, and shortly after i thought about this Bitcoin it moved strongly than we expected and now we have seen it hitting at $20k++, this will further attract more investors which is capable of making Bitcoin second most crowded trade. 

[MWesterweele]

Words aren't enough to quantify "Bitcoin as the third most crowded trade in global fund manager survey", this digital gold has done more that we all thought it to be. Personally, i wonder when there will be more institutions to make their investment into Bitcoin, and shortly after i thought about this Bitcoin it moved strongly than we expected and now we have seen it hitting at $20k++, this will further attract more investors which is capable of making Bitcoin second most crowded trade. 

This record breaking market value of bitcoin would definitely make it the top priority investment of more institutions. This literally make a big difference because step by step bitcoin now has find its way to the top of market surpassing the 2017 ATH, and it is incredibly amazing. No doubt that Bitcoin becomes the third most crowded trade in global fund manager because they now already know the significance of bitcoin.

[leea-1334]

Nice to hear but I always feel like all this kinds of news are ultimately meaningless,,, and I would prefer to hear more bad news instead of all these bullish signs, as that is usually when Bitcoin goes up long term.

Still,,, nice to see 20k today. Stay safe everyone;)