According to Deutsche bank survey Bitcoin and U.S tech stocks are regarded as biggest asset bubbles by the investors right now.
The Survey was concluded after the responses from 627 market professionals between Jan 13-15, the majority of investors (89%) think that some financial markets are in bubble territory.
In a statement Deutsche Bank said
“When asked specifically about the 12 month fate of Bitcoin and Tesla – a stock emblematic of a potential tech bubble, “
“A majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers.”
Deutshe Bank also said that an average score of 7.9 out of 10 and 83% of respondents believe U.S. tech stocks were seen to be the next tech bubble.
Just two months ago, Bitcoin the world’s largest cryptocurrency by market value increased to an all-time high of nearly $42,000 just before slipping sharply two weeks ago.
The stock market speculator Bulls says that the cryptocurrency has been staying afloat by increased interest from intuitional buyers, as well as the perception that bitcoin is a safe haven asset similar to gold.
Meanwhile, Tesla, the American electric vehicle and clean energy company saw a sharp inclination in its share price in 2020.
With Elon Musk, the CEO of Tesla crowned as the richest person, the stock is up by more than 700% from where it was trading 12 months ago.
Although many investors think that Tesla, Bitcoin and other U.S. tech stocks are in bubble territory, with over 71% of respondents telling Deutsche bank that they don’t believe The Federal Reserve will tighten the policy before 2021.
