Home Business News Bitcoin is a big bubble, the Central Bank of the United States...

Bitcoin is a big bubble, the Central Bank of the United States April survey said According to BTC Peers


Bitcoin is a big bubble, the Central Bank of America surveyed in April said

While many crypto enthusiasts may argue that has been proven it’s not a bubble, many fund managers feel otherwise.

According to a survey conducted by the Central Bank of the United States (NYSE 🙂 in April, 74% of fund managers feel that Bitcoin is a bubble.

Surprisingly, only 16 percent of respondents have contradictory views, while the other 10 percent are sitting on the fence. On the other hand, about 7% of fund managers surveyed believe that the US stock market is also in a bubble, despite interesting numbers from the S&P 500.

The details of the survey are still sketchy. However, the Bank of America is not particularly supportive of Bitcoin. In a recent report revealing how much it takes for Bitcoin’s price to move 1% more, bank analysts called Bitcoin an “impractical” means of payment.

The bank has also released other top cryptocurrency bug reports, downgrading it as a mere tool for speculation. Back in January, Bank of America chief investment strategist Michael Hartnett called Bitcoin the “mother of all bubbles” after the flagship coin first crossed the $ 40,000 mark.

But despite the fear, Bitcoin continued to grow stronger. Today, the digital asset set a new all-time high above $ 63,000.

Continue reading on BTC Peers

Disclaimer: Fusion Media wants to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and forex prices are not offered by exchanges but by the market makers, so the prices may be inaccurate and may differ from actual market price, which means that price is indicative only and not suitable for trading purposes. Consequently, Fusion Media accepts no liability whatsoever for any transaction losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments