{"id":35009,"date":"2021-01-19T16:28:47","date_gmt":"2021-01-19T14:28:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35009"},"modified":"2025-08-28T23:19:16","modified_gmt":"2025-08-28T20:19:16","slug":"bitcoin-buying-becomes-more-popular-than-long-tech-stock-bets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-buying-becomes-more-popular-than-long-tech-stock-bets\/","title":{"rendered":"Bitcoin buying becomes more popular than long-tech stock bets"},"content":{"rendered":"<p>The bet on bitcoin&#8217;s price growth proved more popular than buying tech stocks. Bank of America reached that conclusion from its January survey of asset managers.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> overtakes \u00abLong tech\u00bb as most crowded trade in BofA fund manager survey. Long Bitcoin jumps to top w\/36% of FMS investors saying it is the most \u201ccrowded trade\u201d dethroning \u201cLong tech\u201d for first time since Oct\u201919. #2 Long Tech, #3 Short US dollar, #4 Long Corporate Bonds. <a href=\"https:\/\/t.co\/dmXe9E8I6e\">pic.twitter.com\/dmXe9E8I6e<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1351474127547346945?ref_src=twsrc%5Etfw\">January 19, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In December, in a similar report, buying bitcoin was the <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-america-long-bitcoin-and-short-the-dollar-among-top-market-themes\">third most popular idea<\/a>. Buying shares of tech-sector companies had been the backbone of portfolios for global investors since October 2019.<\/p>\n<p>Bitcoin&#8217;s 900% rise from March lows to <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-breaks-through-40000\">$40,000<\/a> has forced a rethink of prior benchmarks. The January survey results may point to bitcoin&#8217;s further establishment as a standalone asset class.<\/p>\n<p>Digital gold is seen as a hedge against inflation. The study also found a record 92% of managers expecting inflation to rise this year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Inflation expectations at an all-time high: Record net 92% of investors in BofA Fund Manager Survey expect higher inflation in the next 12 months. <a href=\"https:\/\/t.co\/bjJb5FvCzI\">pic.twitter.com\/bjJb5FvCzI<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1351475035991666688?ref_src=twsrc%5Etfw\">January 19, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, billionaire Mark Cuban urged monitoring the trajectory of interest rates. He believes that rising rates could <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-sees-similarities-between-stocks-and-bitcoin-and-envisions-a-defi-future\">provoke a correction<\/a> in all assets, including bitcoin.<\/p>\n<p>Earlier, Macquarie analysts noted potential for further bitcoin growth and <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-cbdcs-will-lag-behind-cryptocurrencies\">risks of regulatory intervention<\/a> in this process.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price rise was more popular than buying tech stocks, according to Bank of America&#8217;s January survey of asset managers.<\/p>\n","protected":false},"author":1,"featured_media":35010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2027,480,1156,167],"class_list":["post-35009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-america","tag-bitcoin-price","tag-institutional-investors-and-whales","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35009"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35009\/revisions"}],"predecessor-version":[{"id":35011,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35009\/revisions\/35011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35010"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}