Here is one for the contrarians, anyone want to buy bitcoin?

Author: Eamonn Sheridan | Category: Cryptocurrency

Just scanning through some of the overnight items and came across this. Warning, fun follows.

The findings of a Legg Mason survey
  • of 1000 investors
  • between July and August (and we get results now??? And I thought my Excel ran slowly)
Anyway:
US investors too optimistic on US stocks (two-thirds of the respondents indicated that they expected the US stock market to keep rising over the next twelve months)
Millennials have more cash than they need and not enough stocks
And nobody thinks owning bitcoin is a good idea

So, I guess for the contrary types;
  • sell stocks
  • buy bitcoin
How is the cypto thingy faring? Weekly candles for a bit of an overview:

Think I'll take a pass on buying it but thanks anyway. 




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