Fund Managers Expect Bitcoin Price Over $75k in 12 Months: BofA Survey

Fund Managers Expect Bitcoin Price Over k in 12 Months: BofA Survey
Most global fund managers expect the price of bitcoin to surpass $75,000 in 12 months, according to a Bank of America survey of global fund managers seen by CoinDesk.A quarter of fund managers expect the price of bitcoin to be over $75,000 in one year, compared with 20% who think it will remain relatively flat, between $50,000 and $75,000, and 19% who think it will fall to $25,000 to $50,000.Long positions on bitcoin are more crowded than those on environmental, social, and governance (ESG), the survey found. Long bitcoin was named the most crowded trade in May and January.The top…