75% of fund managers see BTC as bubble A new survey from Bank of America has found that "Long Bitcoin" is currently the most crowded trade at 43%.
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In the news Various asset managers expect strict crypto regulations Assets managers at UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management have expressed caution on cryptocurrency after the recent price swings."
Head of digital assets at Fidelity, noted that we are still in the early stage of development in cryptocurrency, stating that we will continue to see bitcoin adoption at "an accelerated pace." Microstrategy buys $10M worth of more Bitcoin The publicly-listed business intelligence company announced the purchase of 229 Bitcoin adding to the firm's total crypto stash of 92,079 Bitcoin this week. The Nasdaq-listed stock MSTR, however, has seen better days having recently dropped 62.3% - seemingly correlated with BTC's price changes. Bitcoin Pizza Day $3000 Giveaway! In honor of Bitcoin Pizza Day, we're giving away $50 in Bitcoin Cash to 60 lucky people.
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