Bitcoin Is Still A Bubble Despite Price Crash: Bofa Survey

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Fund managers aren't sold that bitcoin (BTC-USD) is a screaming buy after the cryptocurrency's rout. Eighty-one percent of fund managers polled in a new Bank of America survey say bitcoin is still a bubble despite the steep price pullback. Investors view bitcoin as the second most crowded traded (investors love bitcoin perhaps too much) behind being long commodities. A total of 224 fund managers with $667 billion in assets under management participated in the survey.

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