According to the latest survey of world fund directors published by Bank of America, ” Long Bitcoin” is now the third most popular transaction, second only to “Long technology stocks” and “Long ESG( increased emphasis on environmental protection )., Corporate Social Responsibility and Corporate Governance )”.
The Bank of America’s world fund director inspection published on July 14 showed that “long bitcoin” has fallen from the most popular trading position to third. Bank of America’s world-wide fund managers examine monthly surveys and aggregate the opinions of about 200( serviceman) international financial institutions, mutual funds and hedge fund managers around the world.
According to the latest survey, the most popular trade now is “Long technology stocks”, followed by ” Long ESG”, and then “Long Bitcoin”. As for “Long Commodities”, it has come from its position as the most popular trader last-place month to fourth place.
The Bank of America survey showed that managers ‘ confidence in economic growth, profitability and inflation in July was lower than at the beginning of this year. Overall, 74% of store managers still expect inflation to be “above trend levels.”
“Long Bitcoin” was the hottest transaction in May this year. At that time, “Long technology stocks” ranked second, followed by “Long ESG”. Then in June, the rank of “Long Commodities” made a big leap, outdoing “Long Bitcoins” and became the hottest transaction action, making cryptocurrency trading demoted to second place. At that time, ” long technology stocks” and “long ESG” graded third and fourth respectively.
At the same time, media reports previously revealed that Bank of America’s internal memo showed that Bank of America has established a cryptocurrency investigation squad. The bank said last week:” Because we have a strong industry research analyst, sell leadership in world fee stages, and our blockchain expertise, we are uniquely positioned to provide leadership insights . . “
Bank of America also recently issued a report stating that digital currencies are expected to boost economic growth in developing countries.
