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Incredible charts by BofA...
Bitcoin and gold are the two best best performing assets YTD and over the last few years... However, fund managers are massively under-exposed to those 2 store of values... Indeed, 75% of fund managers have no exposure at all to cryptos. And even more surprisingly, 41% of fund managers have no exposure at all to gold... The least we can say is that they don't look as crowded trades... Source: BofA thru Callum Thomas
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