The June survey, which ran June 4-June 10 and involved 224 fund managers with more than $667 billion in assets under management said, “81 per cent of investors still think Bitcoin is a bubble despite the price pullback.” This is up from 74 per cent in the April survey and 75 per cent in May.
However, the collective skepticism wasn’t echoed by everyone.
In fact, MicroStrategy is now looking to sell as much as $1 billion in common shares to buy more Bitcoin after it closed a $500 million bond sale on Monday to purchase Bitcoins.
In terms of trades that fund managers see as most overdone, commodities replaced May’s leader, Bitcoin.
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