The majority of fund managers see BTC as a bubble, while analysts believe the main cryptocurrency will continue to grow
Most fund managers see BTC as a bubble
Most fund managers see the first cryptocurrency as a bubble, according to a new survey by Bank of America. This opinion is shared by 74% of the respondents. In total, the study involved 200 people who manage assets totaling $533 billion.
Also, respondents put bitcoin in second place in the list of assets with the most serious speculative component. The first place, with a slight advantage, is occupied by shares of technology companies.
About 10% of professional investors are confident that BTC will become the leader in terms of profitability this year.
Analysts believe the main cryptocurrency will continue to grow
According to Coinmarketcap data as of April 13, bitcoin broke the $63,000 mark for the first time. Over the past 7 days, the cryptocurrency has grown by more than 8%. The market capitalization of BTC has reached $1.17 trillion.
According to CoinDesk analyst Damanik Dantes, the bitcoin rate will continue to grow. He believes the next resistance level is at $68,000–70,000.
The popular Twitter analyst PlanB is also confident that the first cryptocurrency will grow. The S2F forecasting model developed by him indicates that Bitcoin may rise in price to $100,000 in the near future.