A survey conducted by a U.S. bank reveals that "going long on Bitcoin" and "shorting the U.S. dollar" are currently the most popular investments in the global market.

"Long Bitcoin, Short the Banks" can be said to be the original intention of Bitcoin's birth, as well as its core spirit as a store of value tool. In the past, this was just a slogan promoting Bitcoin, but now it seems to have become a global market trend in reality.

Top Three Popular Investments

According to the "Global Fund Manager Survey" released by Bank of America and BofA Securities this month, the current "top three hottest investments" in the global market are ranked as follows: "long tech stocks" at number one, "short the U.S. dollar" at number two, and "long Bitcoin" at number three. The last time (also the first time) Bitcoin made it into the "Global Fund Manager Survey" list of hottest investments was during the bull market of 2017.

Danny Scott, CEO and co-founder of cryptocurrency exchange and wallet service provider CoinCorner, claims that investors are seeking safe havens amid large-scale government stimulus.

"While they may view this as a necessary measure to stimulate the economy and protect its future, the accompanying risk of massive currency inflation, the scale of which has been unprecedented in the U.S., poses a significant threat. During the 2008 financial crisis, the Federal Reserve printed $3.9 trillion between 2008 and 2014. However, in just 2020 alone, the amount of money printed by the Federal Reserve has exceeded this figure. When faced with financial uncertainty, people automatically seek safe havens, and Bitcoin is becoming such an asset safe haven."

The U.S. dollar has shown a weakening trend, trading below its lowest point in two years. Meanwhile, Bitcoin prices have surged by over 20% compared to last month, and tech stocks have performed remarkably well. In the past month, the tech-heavy Nasdaq index has risen by over 5%. The survey indicates that most respondents believe this situation will continue, with optimism towards risk assets including stocks reaching the highest level since 2011.

Furthermore, the growth of Grayscale and its Bitcoin Trust Fund (GBTC) in recent months is evidence of "long Bitcoin" as a popular trade. With Bitcoin ETFs still awaiting approval, there are limited options in the U.S. traditional financial market for investing in Bitcoin, with the only choice being the Bitcoin Trust Fund issued by crypto asset management company Grayscale. In recent months, Grayscale has been consistently buying Bitcoin, and the issued GBTC has remained at a premium, indicating a sharp rise in institutional investors' interest in Bitcoin.

On the other hand, in predictions for popular investment options in 2021, approximately 50% of respondents believe that "emerging markets" will outperform the market in 2021, followed closely by "S&P 500" and "oil," with about 10% of respondents choosing "gold" and "Bitcoin" as their options.