A Quarter of BofA Survey Respondents Think Bitcoin Could Exceed $75,000 in One Year

Nearly 25% of fund managers surveyed by Bank of America believe that the bitcoin price will change in the next 12 months. $75,000 He thinks he can get over it.

Fund managers who participated in the survey held between 5-11 November, It will provide the highest return in 2022 expects investments to be in emerging market equities (34%), US equities (30%) and bitcoin (12%).

It is thought that Bitcoin may chart better than oil and gold over the next year.

In total among themselves $1.1 trillion According to the survey of 345 managers who manage assets worth more than half, the majority of fund managers believe that bitcoin will be within the next year. In the range of $50,000 to $75,000 predicts to stay.

According to Bloomberg’s report, survey participants 59% He describes the current state of bitcoin as a “bubble”. Proportion of investors agreeing with this view in the middle of the year had risen to 75%.

What fund managers find most risky in the current outlook inflation, interest rate hikes and relations with China while 51% of the respondents anticipate a decrease in inflation.

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