According to a Bank of America (BofA) survey, a quarter of fund managers expect the price of Bitcoin to be above $75K in 12 months. According to the Bank of America global fund managers survey, a quarter of global fund managers surveyed expect the price of BTC to exceed $75,000 in 12 months. Details cryptocoin.comYou can follow on.
Will Bitcoin exceed 75,000?
A quarter of fund managers expect the price of Bitcoin to be above $75,000 in a year, while 20% think it will remain relatively stable between $50,000 and $75,000. Only 19% think it will drop to $25,000 to $50,000. The survey found that long positions on Bitcoin are more intense than environmental, social and governance (ESG) positions. Bitcoin was named the most popular transaction in May and January. For the “most preferred” busiest trading, the best response was long-term technology stocks (37%) of respondents, followed by long-term Bitcoin (21%) and long-term ESG 14% of the total.
In November, 59% of fund managers said Bitcoin was a bubble. In May, 75% of respondents said that Bitcoin was in a bubble zone. Bitcoin also slightly outperformed oil and gold for the top asset class in 2022; 12% of respondents pointed to the world’s largest cryptocurrency, compared to 10% for oil and gold. Emerging market stocks top this list with 34% of respondents, followed by the S&P 500 with 30%. The survey includes 345 fund managers from around the world with total funds under their management of over $1 trillion.
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