A survey conducted by the multinational investment giant “Deutsche Bank” concluded that more than half of investors believe that Bitcoin and Tesla shares are the biggest bubbles in the market today.

Thus, survey respondents, most of whom are professional investors, expect subsequent corrections.

Bitcoin is the biggest bubble in the market?

The price of Bitcoin doubled recently, and the price of the currency reached a new peak at the level of 42 thousand dollars, which means that the price of the currency has quadrupled since last October.

Currently, the price of Bitcoin is around the level of $ 32 thousand, and despite the correction and decline from the level of $ 37 thousand, the Bitcoin is still maintaining its positives and its rise since the beginning of January 2021.

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The rapid rise in the price of Bitcoin has confirmed to many prominent financial experts that Bitcoin is in bubble territory.

This belief received confirmation from reconnaissance Conducted by “Deutsche Bank”.

After questioning 627 market specialists, the study found that the vast majority considered Bitcoin to be in a bubble state and even described it as the most extreme.

More than half of the participants gave a rating of 10 on a scale of 1 to 10 about Bitcoin and whether it is in a bubble state.

Tesla shares ranked second after Bitcoin, as the respondents believe that Tesla’s stock is overvalued and that it is also in a bubble.

Tesla’s stock price has risen since mid-2020 from about $280 in August to $845 today.

This 200% increase made the company the seventh most valuable company by market capitalization and helped its founder and CEO Elon Musk become the richest person in the world.

Where is the Bitcoin and Tesla stock?

After naming Bitcoin and Tesla stock as the biggest market bubbles at the moment, survey respondents made predictions about the future price performance of these assets.

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When the respondents were asked specifically about the future fate of both Bitcoin and the “Tesla” stock, the majority of the respondents stated that the value of these assets is likely to halve, both for Bitcoin and the Tesla stock.

Although Bitcoin and Tesla stocks have been labeled bubbles prone to a price correction, market specialists fail to provide a reason that could blow them.

While seeing from another angle and by virtue of what the US Federal Reserve is doing in terms of pumping, stimulating and printing the dollar, it is likely that the bubble will continue to inflate and grow.

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