According to nearly 90% of respondents in Deutsche Bank’s monthly money-manager study, many price bubbles were now being blown. The most extreme though is bitcoin, with nearly half of those surveyed seeing it at a maximum 10 on a 1-10 bubble scale.
More generally, too, when asked specifically about the 12-month fate of bitcoin – which surged 300% last year – and electric vehicle maker Tesla which soared nearly 750% and is seen as emblematic of highly priced tech stocks, a majority of respondents said they were now more likely to halve than double in value.
