118 days ago • Posted by Charles-Henry Monchau
According to BofA Fund manager survey, Bitcoin tops the most crowded trades list. How could it be?
Just like in December 2017, #bitcoin now tops Bank of America's Global Fund Manager Survey's most crowded trade list. However, one could wonder how an asset class with a market cap less than USD 700 billion could be the most crowded trade? How many large banks have included Bitcoin in their asset allocation grids? How can long only mutual fund manager play this asset class in their portfolios?