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Bitcoin is now the world's most crowded trade: Bank of America
short by Hiral Goyal / on Wednesday, 19 May, 2021
World's largest cryptocurrency Bitcoin is the most crowded trade in the world right now, a Bank of America (BofA) survey of 194 fund managers with overall $592 billion worth of assets under management found. In the past, peaks in crowded trades have been associated with relative tops, such as in tech stocks in September 2020 and 2019, BofA noted.