**
Bitcoin and the U.S. tech stocks are perceived by investors as the largest market bubbles right now, according to a Deutsche Bank survey.**
The survey, which was based on responses from 627 market professionals between Jan. 13-15, reviewed that the majority of investors (89%) think some financial markets are in bubble territory.
Out of those bubbles, the bitcoin and U.S. tech, (particularly Tesla shares) are topping. Bitcoin is viewed as a more extreme case, with half of respondents giving the cryptocurrency a rating of 10 on a 1-10 bubble scale.
Some investors think that bitcoin and electric car manufacturer Tesla are more likely to fall than rise over the next year, I may disagree but then, what do I know ? If to go by the trend, the bitcoin hopes to reach an all time high of $100k within the next year, well well, it remains to be seen .
Bitcoin has been on a ferocious wild run these past few months. The world’s top cryptocurrency by market value reached an an all-time high of approximately $42,000 about two weeks ago before slowly reducing in value. It is up more than 700% from March 2020 meltdown, when the cryptocurrency and the world was hit by coronavirus pandemic, amazingly it stood firm and beat the difficult times, I think the bitcoin is well economically adapted to beat such turbulent times and thus I can predict that it'd still hit yet another all time high.
Tesla, meanwhile, also saw a huge climb in its share price in 2020 which extended into the new year and presented its CEO Elon Musk, the gift of being the world’s richest man!. The stock is up more than 700% from where it was trading a year ago.
And though investors may think bitcoin, Tesla and other U.S. tech stocks are in bubble territory, it’s not clear exactly what might poke those bubbles.
I think no economic load will poke these bubbles, as these entities are firmly rooted to withstand such pressures, unless.…?
What do you think?
Image source
https://pixabay.com/photos/rocket-launch-rocket-take-off-soyuz-67720/
