Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2021-04-13 14:49:15

Bitcoin in a bubble, taper tantrum biggest market risk: BofA fund managers survey

COVID-19 no longer cracks the top three in terms of what's worrying the market, while Bitcoin's rally has reached bubble territory, according to the latest Bank of America Fund Managers Survey.Bitcoin ([[BTC-USD]], +5%) set a new record today, topping $63K for the first time as Coinbase (COIN) prepares to go public.And 74% of those surveyed say the crypto is now in a bubble, compared with just 7% who see equities in a bubble (most think stocks are in a late-stage bull market).Among pitfalls, 32% think a bond taper tantrum (yields surging if the Fed removes accommodation) is the biggest risk. That's followed by inflation at 27%.The March CPI saw the biggest monthly gain since August 2012, but the market took it in stride, attributing much of the rise to base effects.Higher taxes was the third-biggest risk, followed by COVID.A little more than a 30% of respondents considered long technology (XLK) the

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.