BoA Survey Results Show Responses Like This
'Not a Bubble' Responses Account for Only 16%
[Asia Economy Reporter Kwon Jae-hee] As the price of Bitcoin continues to rise, CNBC reported on the 13th (local time) that 7 out of 10 professional investors on Wall Street in the U.S. evaluated that "Bitcoin is in a bubble."
According to a survey conducted by Bank of America (BoA) targeting over 200 professional investors including asset management managers, 74% of respondents answered that the price of Bitcoin is a bubble.
The percentage of respondents who said it was not a bubble was only 16%.
The assets managed by the professional investors who participated in the survey amounted to $533 billion (approximately 595.9473 trillion KRW).
They also ranked Bitcoin as the second most traded product type after technology stocks.
Meanwhile, according to the cryptocurrency site CoinDesk, the price of Bitcoin surpassed $64,000 per coin for the first time on the afternoon of the 14th Korean time. The new high for Bitcoin was achieved ahead of Coinbase's Nasdaq listing scheduled for the 14th local time.
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