Foreign media reported that according to a survey released by Deutsche Bank, the biggest market bubbles considered by investors are Bitcoin and U.S. technology stocks.
The survey found that as many as 89% of investors believe certain financial markets are in bubble territory, and among those bubbles, bitcoin and U.S. technology stocks top the list. Bitcoin was seen as the more extreme case, with half of respondents giving the virtual currency the highest rating of 10 on a bubble scale of 1 to 10. U.S. technology stocks are considered the second largest market bubble with an average score of 7.9, with 83% of respondents giving it a bubble rating of 7 or higher.
In addition, investors also believe bitcoin and electric car maker tesla are more likely to fall than rise next year. Investors believe that in the next 12 months, Bitcoin and Tesla are more likely to see their values cut back than double.
According to the survey, investors believe that the “easy money situation” conducive to bubble formation is likely to continue, with 71% of respondents believing that the U.S. Federal Reserve will not tighten policy by the end of 2021, but a quarter expect economic growth or market conditions may force their hand. On the other hand, about 41% of investors believe the launch of the new pneumonia vaccine is not as good as expected, outpacing those who believe the vaccine launch is better than expected by about 22%. Just over half of the respondents expect Life to return to normal by the end of the year.
The survey was conducted between January 13 and 15 and interviewed 627 market professionals.
Recent Comments