The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.
A record 92% expected higher global inflation over the next year, though Deutsche Bank’s survey also showed 71% expected the U.S. Federal Reserve to resist the temptation to start removing the stimulus that has helped markets rally. For a graphic on Global stock valuations surge https://fingfx.thomsonreuters.com/gfx/buzz/rlgpdgnqovo/Pasted%20image%201611053527690.pngBofA said a record 19% of investors – who altogether manage more than $500 billion worth of assets – were currently taking on more risk than normal in their investment portfolios.For a graphic on Risk: https://fingfx.thomsonreuters.com/gfx/mkt/gjnvwrxbgpw/BofA%20risk.