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The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in a bubble. Bank […]Powered by WPeMatico
As mainstream media pundits like the Bloomberg economics editor Peter Coy tell Americans to “tune out the hyperinflation hype,” fund managers from a recent Bank of America survey who collectively manage $630 billion, believe inflation is the biggest risk to markets right now. Instead of the former concern over Covid-19, the current number one risk […]Powered by WPeMatico
Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the “increasingly speculative” investing behavior of bitcoin. Bank of America Warns of Huge Bitcoin Bubble Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge […]Powered by WPeMatico
Public Blockchain Platform ‘BOSAGORA’ has received ‘the UN Solidarity Awards’ last 16th. The UN received stories of various actors contributing to individual/society to overcome COVID 19 last May. Among thousands of entries were gathered from all around the world and the UN hand selected the 50 most touching and effective entries that aimed to overcome […]
The post BOSAGORA(BOA) Won UN Solidarity Awards appeared first on Bitcoin News.
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The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee […]
The post US Cash Crisis: Withdrawal Limits Spark Bank Run Fear appeared first on Bitcoin News.
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U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]
The post Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet appeared first on Bitcoin News.
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