⚡️🇺🇸 NEW - Bank of America, states in its survey that 67% of investors or fund managers have no allocation to cryptocurrencies.
The average allocation is just 0.4%.
Only 3% of investors allocate 2% of their funds, and 8% allocate 1% of their funds.
Discussion
!!We are still crazy early!!
BoA is NGMI
HFSP
I guess it’s all on how they state their results…. They must’ve thrown out this version:
“23% of investors or fund managers have allocations to cryptocurrencies!
The average allocation is already .4%!
3% of our investors already allocate 2% of their funds and another 8% allocate at least 1% of their funds.”
Today it’s all about editorial; even when just reporting results. You can often gain insight on incentives/fears simply based on their word choice. They could’ve released the survey numbers and let people draw their own conclusions, but they need the conclusion packaged with their report so we know what to think. 🤔
It’s funny that historically most fund managers also invest 1-3% of their own money in their own funds. I’d be curious if that number is going down, and how much they allocate to Bitcoin.