The recent stimulus-fuelled stock-market rally has left 71 per cent of fund managers thinking equities are overvalued, according to a Bank of America July survey. Diversifying into gold might make sense, particularly in a world where Covid-19 cases are flaring up once more.
As more hedge-fund sharks head back into the murky waters of Bitcoin, they'll be swimming alongside the"whales", the big crypto investors who hold their fortunes in digital coin. The market moves of these individuals tend to thrash the price around.
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