Bitcoin and Tesla shares are the biggest bubbles in the market, say investors

Financial market professionals interviewed by Deustche Bank said they believe that in the next 12 months it is more likely that there will be a 50% devaluation in the price of Bitcoin and Tesla shares

It is not of today that cryptomoedas, especially Bitcoin, are defined by some investors as market bubbles. Recently the German bank Deustche Bank released a survey that reveals the market’s sentiment towards digital currency.

According to the result of the survey, which was based on the opinion of 627 investment market professionals, 89% of them answered that some sectors are inflated and may be „bubbled“.

The research revels that for these professionals, Bitcoin Superstar and the stocks of technology companies in the United States top the list. For the interviewees, Bitcoin is the main and most extreme case of bubble nowadays.

The research asked based on a classification from 1 to 10 the bubble level of some sectors of the market and the digital currency was classified as bubble by half of the 627 professionals interviewed, around 313, on level 10 classification.

In second place were the shares of technology companies in the United States, achieving a score between 7.9 and 10, receiving the rating of level 7 up, the level of inflated market.

Investors think that Bitcoin and Tesla may fall by half in the next 12 months

According to the survey of Deustche Bank, the professionals interviewed believe that the chances of Tesla, the manufacturer of electric cars, to have a good performance next year are low, for them, next year the chances are that their prices fall and no longer continue to rise.

It is worth noting that, financial market professionals interviewed by Deustche Bank said they believe that in the next 12 months it is more likely that there will be a 50% devaluation in the price of Bitcoin and Tesla shares.

Investors said that between Bitcoin and Tesla, the shares of the company are the most vulnerable to this fall.

Cryptomoeda’s price has registered an increase of more 800% on the last years. Bitcoin’s price doubled its last record price, which was $20,000, reaching $40,000 in 2021.

In fact, this is a high that impresses analysts and makes them believe that the price of Bitcoin is inflated.

When will the bubble burst?

The survey also asked the respondents about what could cause the bubbles to burst in the price of shares of US technology companies and in the price of Bitcoin, however, the respondents could not answer what exactly can „burst“ these bubbles.

Bitcoin advocates argue that the price of the digital currency has reached such an appreciation due to the interest of institutional investors, who have begun to see cryptomoeda as a reserve of value.

Critics say that Bitcoin is a bubble because it is nothing more than an asset used for speculation and that one day it will burst.