Cryptocurrency bitcoin has passed Nasdaq Composite as the world's most popular long-term investment position, according to a survey by Bank of America Merrill Lynch.
It reports the Financial Times.
Of the investors surveyed, 26 percent reported that a long position in bitcoin is the most common bet worldwide. It places bitcoin in first place in the survey before the Nasdaq Stock Exchange (22 percent) and positioning against the dollar (21 percent).
This year, the bitcoin has risen from $ 968 at the turn of the year to over $ 5,000 last month, then dropping back to $ 4,353 on Tuesday.
Other long positions that have been rated as popular in recent times have not stopped particularly well. The dollar was the most common position at the beginning of the year. Since the turn of the year, the US currency has lost 10 percent in value.