• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 16, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Fund managers think Bitcoin is a bubble and inflation is temporary

by Reshab Agarwal
June 17, 2021
in Bitcoin, Crypto, News, Trending
Reading Time: 2 mins read
0
Bitcoin makes new high since January 2018
TwitterWhatsappLinkedin

They say Bitcoin is a bubble; We will revisit that statement a few years from here on. But as of now, Bank of America seems to be of the thought that inflation is temporary and Bitcoin will soon burst. The most crowded trade, “long Bitcoin,”  has also become the second most crowded trade now. And nothing seems to be positive about the same. We will also see a death cross very soon unless we have big news for Bitcoin.

You might also like

Reddit Rolls Out Age Verification for UK Users Amid New Online Safety Rules

Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

Bitcoin is a bubble

Bank of America conducted a survey in May 2021 where long Bitcoin was found to be the most preferred trade. But the most recent survey conducted in June 2021, it has been found that long Bitcoin has been surpassed by long commodities. Over 224 fund managers with $667 billion AUM participated in the survey. They also reported that even long tech stocks at the 3rd position are quite near to long Bitcoin. We also have long ESG, Short US treasuries, long Euro among the list.

Bitcoin

It is also observed that the percentage of people who thought BTC is a bubble has also increased. From 75% of managers thinking the same in May to 81% in June after the recent price crash. Even the Bank of America has also warned users about the potential risks with cryptocurrency and the fact that it is actually a bubble.

Recently even Michael Burry said that Bitcoin is a bubble and compared it to the housing collapse of 2008. He also added that bulls make money, bears make money, the only ones who lose money are pigs. They get slaughtered, and anyone thinking Bitcoin is not a bubble falls in that category.

Inflation is temporary!

After the COVID pandemic, there has been a serious inflation problem in the US. The government is printing so much money that it is obvious that Inflation rates have skyrocketed. We are hearing that Biden is planning to release more stimulus checks which will increase inflation even more. A recent federal service meeting suggests that the fed says that this inflation is temporary, and 72% of fund managers agree with the same. On the other hand, 23% think that it is permanent. If the 23% are right, we can expect that Bitcoin will continue to do well even in the future.


What are your thoughts on the thought that Bitcoin is a bubble and inflation is temporary? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Fidelity Executive says BTC’s price ‘Bottom is in’

Tweet54SendShare15
Previous Post

Satya Nadella succeeds John Thompson as Board Chairman of Microsoft

Next Post

Telegram beta 7.8 brings video and screen sharing in groups

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Reddit Rolls Out Age Verification for UK Users Amid New Online Safety Rules

by Harikrishnan A
July 16, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit has begun enforcing age verification for users in the United Kingdom in response to the country’s new Online Safety Act. The law, which is set to take...

Read more

Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

by Harikrishnan A
July 16, 2025
0
Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

The official X account of Elmo, one of Sesame Street’s most cherished characters, was hijacked on Sunday by unknown hackers who posted a barrage of hateful and conspiratorial...

Read more

Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

by Harikrishnan A
July 16, 2025
0
Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

Elon Musk’s AI startup, xAI, has secured a major federal contract, with the U.S. Department of Defense (DoD) announcing it will begin using the company’s “Grok for Government”...

Read more
Next Post
Telegram beta 7.8 brings video and screen sharing in groups

Telegram beta 7.8 brings video and screen sharing in groups

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?