Bank of America's Customers Turned to Bitcoin

Bank of America's customers turned to Bitcoin. According to a survey by the second largest bank in the USA, with the increase of speculative craze on Wall Street, the most transactions are going through Bitcoin, the leading cryptocurrency since 2017. Investors surveyed by Bank of America this month think that long positions in Bitcoin reached unprecedented levels with retail traders and corporate names joining the crypto craze. In addition, the survey conducted by BoFA did not give any sign that the fund managers holding Bitcoin is increasing. However, the survey indicates that investors are positioned in reflationist strategies, from small capital companies and value companies to emerging markets. Thus, share positioning has reached its peak in the last 3 years. The fact that Bank of America customers have had the most optimistic expectations of profit growth since 2002 indicates that the market correction may be imminent, according to the corporation's strategists. Bank of America is known as the second largest bank in the USA in terms of total assets after JPMorgan.