Bitcoin is now the 'most crowded' trade overtaking Nasdaq
By Loukia Gyftopoulou 12 Sep, 2017 at 14:42
Bitcoin is now considered the most crowded trade for the first time, knocking Nasdaq to second place.
According to the Bank of America Merrill Lynch fund manager survey in September, 26% of respondents said they believe betting on the cryptocurrency to go up, which trades near $5,000 up 344% year to date, is the most crowded trade.
The long trade on the Nasdaq Composite has fallen to second place at 22% followed by short USD at 21%.