81% of fund managers called BTC a bubble, and MicroStrategy CEO thinks that bitcoin is attractive

Bank of America: 81% of fund managers see BTC as a bubble

According to a new study by Bank of America, more than 80% of fund managers called the main cryptocurrency a “bubble”. The survey was held among 224 companies that manage assets totaling $650 billion.

According to the results of a survey of the investment bank, after commodity assets, such as gold, oil, silver, and timber, bitcoin is in second place in popularity among assets. Just a few months ago, Bank of America conducted a similar survey, according to the results of which 74% of respondents expressed distrust of BTC.

Quantum Economics analyst Jason Dean believes that such results of a recent study indicate that asset managers do not understand what problems BTC solves, and do not understand the prospects for its development.

CEO of MicroStrategy spoke about the attractiveness of the first crypto coin

MicroStrategy CEO Michael Sailor is confident that ethereum is suitable for certain uses, and BTC is 50 times more attractive to invest than gold. In his opinion, ETH is an application that “dematerializes JPMorgan, banking institutions and any exchanges.”

“For the last 12 months we’ve all been waiting for inflation. Investors say that Bitcoin is up 330% and gold is up 7% in that period. Bitcoin is outperforming gold by a factor of 50. Early adopters believe, like Paul Tudor Jones, are doubling or tripling their allocation, ” said Sailor.

According to him, despite the fact that investments in BTC are regarded as risky, investors and shareholders of MicroStrategy are “just happy.” The company manages over 92,000 bitcoins.

CEO of Avanti Financial: “you shouldn’t trade bitcoin with leverage”

The head of Avanti Financial, Caitlin Long, is confident that when it comes to BTC, the priority is solvency, while the liquidity of the asset is no longer so important.

“Once you get into Bitcoin and you start losing money, I consider that to be really valuable tuition for really learning what Bitcoin is. We’ve got a lot of new people in this industry now who are going through those lessons, and hopefully, folks will learn from them. Especially in this bull market, there’s been so much leverage added to the system. For those of us who’ve been around a long time, we’ve learned these lessons a long time ago — you don’t leverage Bitcoin,” the CEO of Avanti Financial said.

In addition, Long said that US regulators are gradually becoming aware of the importance of the first cryptocurrency and the need to regulate the digital asset market. At the same time, the entrepreneur is confident that regulators will not impose a ban on bitcoins or both cryptocurrencies.