Blindly Bank of America survey shows that Bitcoin is “the most crowded”


nnnA recent survey by Bank of America shows that Bitcoin has become the most crowded trading area in financial markets, followed by the Nasdaq Composite Index, the third The dollar is short for the dollar. However, so many investors squeeze into the market may be a sign that the final investors will scrambling to sell, resulting in the risk of lack of liquidity. This creates the fragility of the financial system. However, the market situation may also have some short-term benefits.n
nnTranslation: Clovern
nBuying Bitcoels is now the most crowded deal in financial markets.n
nAccording to a recent survey by Bank of America, 26 percent of the 181 fund managers involved in the polls (totaling $ 629 billion worth of assets) ranked bitmaps as the most crowded deal The The Nasdaq Composite Index is the second most popular choice, with 22% of the respondents, the third being short for the dollar, and 21% of the respondents choosing this option.n
nIt is worth noting that this is the first time that the encrypted currency is listed.n
nThe result of this news is that so many investors squeeze into the market, may indicate that the final investors will scrambling to sell.n
nThe Office of Financial Research (Office of Financial Research) is an office created by the US Treasury Department after the 2008 financial crisis, which defines a crowded transaction as “the market participants in the transaction have a large and similar position, Market participants want to unite their positions at the same time, it will cause the risk of lack of liquidity.n
nThe office said in a report released in 2012:n
nn”The concentration of such money has created the fragility of the financial system.”n
nnAt that time institutional investors may have never heard of Bitcoin.n
nIn other words, the market situation may have some short-term benefits. This year, the value of Bitcoin has probably quadrupled. According to CoinDesk’s bitcoin price index, as of the press, the day the price fell 7% to $ 3843.n

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