Buying Bitcoin is existence watched as the most "crowded trade", conferring to the latest global fund manager review available by BofA Securities. After Bitcoin's huge rally in recent months, it is scarcely amazing that this cryptocurrency is wild regaining its lost glory. From a little of $4,000 in mid-March last year, the value of the world's first and most renowned cryptocurrency has increased by nearly 900%. Currently, Bitcoin is trading at $34,750. 

Long Bitcoin fences to the top with 36% of fund manager review investors saying it is the most 'crowded trade' deposing 'Long tech' for the leading time subsequently October 2019, stated the survey report. 

Investors who have been following Bitcoins in the past would think that an alike rally in 2017 was trailed by a crash. In 2017, Bitcoin united from the low of about $790 to a peak of $1,9041 in December. Remarkably, in the December 2017 BofA review, Bitcoin topped the list of most heaving trades. In 2018, it packed up by 74%. 

Even now, many professionals have been cautioning of a bubble building up in Bitcoins, particularly seeing the sudden spike in instability and growing institutional participation. 

Most cryptocurrencies are particularly volatile and the upsurge in institutional participation may be making things not good. While request would upsurge and volatility comfort should corporations hold Bitcoin for business drives, the contradiction is true when institutions gain exposure for speculative purposes.  

Empirical signs from other asset classes advise that higher participation by institutional investors could rise volatility because of their more resourceful investment method, Michael Bolliger, chief investment officer, global developing markets, UBS Switzerland AG said in a report on 14 January. 

Eventually, time will tell what holds for Bitcoin savers but those in the strong camp see further upside. Bitcoin has the prospective to reach $146,000 in the long term as it participates with gold as an asset class, conferring to JPMorgan Chase & Co.