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One-Fourth of Fund Managers Expect Bitcoin Price Over $75K in 12 Months: BofA Survey

Long bitcoin trades more crowded than long ESG, the survey said.

Оновлено 11 трав. 2023 р., 6:02 пп Опубліковано 17 лист. 2021 р., 2:42 дп Перекладено AI

One-quarter of surveyed global fund managers expect the price of bitcoin to surpass $75,000 in 12 months, according to a Bank of America survey of global fund managers seen by CoinDesk.

  • A quarter of fund managers expect the price of bitcoin to be over $75,000 in one year, compared with 20% who think it will remain relatively flat, between $50,000 and $75,000, and 19% who think it will fall to $25,000 to $50,000.
  • Long positions on bitcoin are more crowded than those on environmental, social and governance (ESG), the survey found. Long bitcoin was named the most crowded trade in May and January.
  • The top answer for “most crowded” trade was long tech with 37% of respondents, followed by long bitcoin at 21%, and long ESG with 14% of the total. Short U.S. Treasurys also rose to 13% from about 10% last month.
  • In October, only around 10% of fund managers named bitcoin as the “most crowded” trade when it was surpassed by long ESG trades, at about 17% of respondents, and short positions on China and emerging markets stocks, approximately 15%.
  • In November, 59% of fund managers said bitcoin is a bubble. Back in May, 75% of respondents said bitcoin is in a bubble zone, the Business Standard reported.
  • Bitcoin also slightly outperformed oil and gold for best asset class in 2022; 12% of respondents named the world’s largest cryptocurrency by market value, compared with 10% for oil and gold. Emerging markets stocks topped that list at 34% of respondents, followed by S&P 500 at 30%.
  • The survey includes 345 fund managers from around the world, whose total funds under management are over $1 trillion.

Read more: Market Wrap: Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

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  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

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Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

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  • Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
  • At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
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