{"id":9625,"date":"2021-07-15T00:54:41","date_gmt":"2021-07-15T00:54:41","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bank-of-america-bitcoin-now-3rd-most-crowded-trade-after-tech-stocks-and-esg-in-new-fund-manager-survey\/"},"modified":"2021-07-15T00:54:41","modified_gmt":"2021-07-15T00:54:41","slug":"bank-of-america-bitcoin-now-3rd-most-crowded-trade-after-tech-stocks-and-esg-in-new-fund-manager-survey","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bank-of-america-bitcoin-now-3rd-most-crowded-trade-after-tech-stocks-and-esg-in-new-fund-manager-survey\/","title":{"rendered":"Bank of America: Bitcoin Now 3rd Most Crowded Trade After Tech Stocks and ESG in New Fund Manager Survey"},"content":{"rendered":"<p><strong>Bank of America\u2019s latest global fund manager survey shows that \u201clong bitcoin\u201d is now the third most crowded trade. The most crowded trade is now \u201clong tech stocks,\u201d followed by \u201clong ESG.\u201d<\/strong><\/p>\n<p>Bank of America\u2019s global fund manager survey for July, published Tuesday, shows that \u201clong bitcoin\u201d has fallen to third place among the most crowded trades. The Global Fund Manager Survey is Bank of America Securities\u2019 monthly report that canvasses the views of approximately 200 institutional, mutual, and hedge fund managers around the world.<\/p>\n<p>The most crowded trade is now \u201clong tech stocks,\u201d followed by \u201clong ESG,\u201d and \u201clong bitcoin.\u201d \u201cLong commodities\u201d has fallen to fourth place from being <a href=\"https:\/\/news.bitcoin.com\/bank-of-america-fund-managers-bitcoin-bubble-inflation-transitory\/\">the most crowded trade<\/a> last month.<\/p>\n<\/p>\n<p>The surveyed fund managers in July were much less bullish over growth, earnings, and inflation compared to earlier in the year, Bank of America\u2019s survey shows. Overall, 74% of fund managers still expect growth and inflation to be \u201cabove trend.\u201d<\/p>\n<p><!-- growjs zone placement 31 -->    <!-- end of growjs zone placement --> <\/p>\n<p>\u201cLong bitcoin\u201d was the <a href=\"https:\/\/news.bitcoin.com\/bank-of-america-long-bitcoin-btc-bubble\/\">most crowded trade<\/a> in May when \u201clong tech stocks\u201d came second, followed by \u201clong ESG.\u201d In <a href=\"https:\/\/news.bitcoin.com\/bank-of-america-fund-managers-bitcoin-bubble-inflation-transitory\/\">June<\/a>, \u201clong commodities\u201d overtook \u201clong bitcoin\u201d as the most crowded trade, leaving the cryptocurrency trade in second place. \u201cLong tech stocks\u201d ranked third and \u201clong ESG\u201d fourth at the time.<\/p>\n<p>Meanwhile, Bank of America has <a href=\"https:\/\/news.bitcoin.com\/bank-of-america-cryptocurrency-research-team\/\">established<\/a> a cryptocurrency research team, according to the bank\u2019s internal memo. \u201cWe are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise,\u201d the bank said last week. Bank of America also recently released a report <a href=\"https:\/\/news.bitcoin.com\/new-bank-of-america-report-says-digital-currencies-could-boost-economic-growth-in-developing-countries\/\">stating<\/a> that digital currency \u201ccould boost economic growth\u201d in developing countries.<\/p>\n<p><em><strong>What do you think about tech stocks and ESG overtaking bitcoin as the most crowded trades in the new Bank of America survey? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nFeatured, Bank of America, Bofa, fund manager survey, july survey, Long Bitcoin, long ESG, long tech stocks, most crowded trade<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America\u2019s latest global fund manager survey shows that \u201clong bitcoin\u201d is now the third most crowded trade. The most crowded trade is now \u201clong tech stocks,\u201d followed by \u201clong ESG.\u201d Bank of America\u2019s global fund manager survey for July, published Tuesday, shows that \u201clong bitcoin\u201d has fallen to third place among the most&hellip;<\/p>\n","protected":false},"author":0,"featured_media":9626,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9625"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9625"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9626"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}