A survey of fund managers conducted by Bank of America found this Bitcoin now receives more capital inflows compared to other fixed assets.
A study by Bank of America published by Reuters shows the growing popularity of BTC as a fixed asset. According to the survey, investor interest in Bitcoin has outpaced that of large tech companies. There is a greater inflow of capital into Bitcoin than ever before.
Macroanalyst Holger Zschaepitz tweeted.
“Inflation expectations are at an all-time high: According to the BofA Fund Manager survey, 92% of investors expect higher inflation in the next 12 months.”
Inflation expectations at an all-time high: a record 92% of investors in the BofA Fund Manager survey expect higher inflation in the next 12 months. pic.twitter.com/bjJb5FvCzI
– Holger Zschaepitz (@Schuldensuehner) January 19, 2021
Institutional investors’ interest in Bitcoin has continued to grow over the past year. Grayscale Investments recently announced that it had raised $ 3.3 billion Cryptocurrency funds for the fourth quarter of 2020.