A new survey by Deutsche Bank has found that nearly 90% of respondents think that financial markets now have a number of price bubbles, with cryptocurrency Bitcoin and U.S. technology stocks at the top of the list.
When asked specifically about the 12-month fate of Bitcoin, which surged more than 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 found that 71% of the 627 market professionals surveyed did not think the U.S. Federal Reserve would start pulling back its stimulus before the end of the year.
The survey of professional investors is conducted each month by Deutsche Bank in an effort to gauge market sentiment.
