原文標題：
Most investors still think bitcoin is a bubble: Morning Brief
大多數投資者仍然認為比特幣是泡沫：晨間簡報
原文連結：
https://reurl.cc/5oNnZq
發布時間：
Wed, April 14, 2021, 6:27 PM
原文內容：
Wednesday, April 14, 2021
The oldest crypto critique just won't go away.
Over the last decade, every critique in the book has been thrown at the
cryptocurrency space.
But none is more pervasive than dismissing the excitement around these assets
by simply saying — "It's a bubble."
And yet, this is exactly what Bank of America's latest global fund managers'
survey found most of the respondents think when it comes to bitcoin.
Among the survey's 200 respondents with more than $500 billion in assets
under management, some 74% in the firm's April survey said the digital coin
is a bubble. Meanwhile, just 16% said bitcoin is not a bubble and only 10%
sat the question out.
Nearly 3 out of 4 investors surveyed by Bank of America say that Bitcoin is
currently a bubble. (Source: BofA Global Research)
Nearly 3 out of 4 investors surveyed by Bank of America say that Bitcoin is
currently a bubble. (Source: BofA Global Research)
Wednesday morning, the price of bitcoin (BTC-USD) traded to a record high
north of $64,000. Since the start of 2021, its price has more than doubled.
Later Wednesday, Coinbase (COIN) is set to debut on the public market in a
direct listing. This is a coronating event for the crypto space that should,
to our minds, put to rest any doubts investors have over whether crypto is
here to stay.
Like any financial asset, people can and will argue over what the "correct"
value is for any one thing at any one time. And a certain reading of BofA's
survey results suggests only this: 74% of respondents think the price of
bitcoin is too high.
But critiquing the cryptocurrency's price, or dismissing it as a bubble, is
often an underhanded way of gesturing towards the more pointed critiques of
the asset class: That it's for criminals, that it will accelerate climate
change, that it's an outright Ponzi scheme. A critique that says, in short,
crypto is a fraud.
Meanwhile, banks ranging from Goldman Sachs (GS) to JPMorgan (JPM) alongside
financial services firms like Visa (V), PayPal (PYPL), and Square (SQ), have
all deepened their commitments to the space. Coinbase joining the ranks of
publicly-traded companies only further builds out the financial industry's
crypto infrastructure.
And while the role crypto does or does not play in anyone's portfolio is a
decision for them and their advisor, that this asset class continues to grow
in import and interest for the traditional asset management space is not in
dispute.
No matter how many investors think the price suggests a bubble.
By Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at
@MylesUdland
What to watch today
Economy
7:00 a.m. ET: MBA Mortgage Applications, April 9 (-5.1% during prior week)
8:30 a.m. ET: Import price index, month-over-month, March (0.9% expected,
1.3% in February)
8:30 a.m. ET: Import price index, year-over-year, March (6.4% expected, 3.0%
in February)
8:30 a.m. ET: Export price index, month-over-month, March (1.0% expected,
1.6% in February)
8:30 a.m. ET: Export price index, year-over-year, March (5.3% in February)
2:00 p.m. ET: Federal Reserve releases Beige Book
Earnings
6:50 a.m. ET: Bed Bath & Beyond (BBBY) is expected to report adjusted
earnings of 34 cents per share on revenue of $2.63 billion
7:00 a.m. ET: JPMorgan Chase (JPM) is expected to report adjusted earnings of
$3.01 per share on revenue of $30.42 billion
7:30 a.m. ET: Goldman Sachs (GS) is expected to report adjusted earnings of
$10.07 per share on revenue of $12.55 billion
8:00 a.m. ET: Wells Fargo (WFC) is expected to report adjusted earnings of 68
cents per share on revenue of $17.53 billion
機翻如下：
2021年4月14日，星期三
最古老的對於加密貨幣的批評永存。
在過去的十年裡，書中的每一種批評都被扔到了加密貨幣領域。
但最普遍的莫過於通過簡單地說