THELOGICALINDIAN - Investment coffer Goldman Sachs afresh captivated two roundtable sessions for arch advance admiral of barrier funds The coffer begin that they see bitcoin as their atomic admired advance In adverse the latest Coffer of America Fund Manager Survey begin that continued bitcoin was the best awash trade
CIOs Reveal Their Most and Least Favorite Investments
Goldman Sachs appear a agenda Saturday afterwards administering a analysis to acquisition out what investments arch advance admiral (CIOs) favor in the accepted market. Goldman Sachs architect Timothy Moe wrote:
Besides advance style, the CIOs advantaged amount appearance and again commodities. Their atomic admired advance was bitcoin, followed by new IPOs, and rate-sensitive investments.
Unlike Goldman Sachs, Bank of America (BofA) begin that bitcoin was a accepted barter amid asset managers it surveyed. The bank’s Armamentarium Manager Survey for May, in which 216 armamentarium managers with $625 billion in absolute assets beneath administration (AUM) participated, showed that “long bitcoin” was the best awash barter in the world. In the antecedent month, continued bitcoin was the second-most awash trade.
Unlike the surveyed CIOs, Goldman Sachs’ analysts are absolutely bullish on the angle of bitcoin. They afresh said that abhorrence of missing out (FOMO) is driving institutional investors to the cryptocurrency. Moreover, the coffer afresh declared bitcoin an investable asset and a new asset class.
Goldman Sachs has additionally accustomed a cryptocurrency trading desk with the aim to action a abounding spectrum of crypto investments. The close said that institutional appeal for BTC continues to grow significantly.
What do you anticipate about CIOs adage that bitcoin is their atomic admired investment? Let us apperceive in the comments area below.
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