LONDON (Reuters) – Nearly 90% of respondents in Deutsche Bank’s monthly investor survey said financial markets now had a number of price bubbles, with cryptocurrency Bitcoin and U.S. tech stocks top of the list.
When asked specifically about the 12-month fate of Bitcoin which surged 300% last year, and electric vehicle maker Tesla which soared nearly 750%, a majority of respondents said they were now more likely to halve than double in value.
The study also showed that 71% of the 627 market professionals surveyed did not think the U.S. Federal Reserve would start tapering — dialling down — its stimulus before the end of the year.
(Reporting by Marc Jones, Editing by Lawrence White)
