After long tech passing, bitcoin becomes the busiest trade: Bank of America survey

According to the Bank of America’s January survey of financial managers, long bitcoin is currently the busiest market in the world’s largest cryptocurrency.

The research published by Reuters on Tuesday shows how common Bitcoin is as an investment asset. The world’s leading market value crypto-currentcommonly referred to as digital gold and an inflationary hedge, has mounted over 230% of institutional demand in the last three months.

The survey showed that bitcoin had exploded as a long technology, as the most crowded exchange, with the most inflow of money. The news is the first time since October that technology has been moved off the top.

In recent days, the battered US dollar has gone back ahead and seen an improvement in the United States, renders Renders from the treasury. The index of dollars, which measures the greenback value, is now 90.50, up 1.4 percent from the 89.21 low of many years seen on January 6. The slight bounce may have helped put the brakes on the bulls of Bitcoin.

However, additional information in the survey could give cryptocurrency a boost in its role as an inflation hedge.

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