Meghan Shue, the Wilmington Trust’s top strategist, sees a concerning trend in the price value of Bitcoin amid the constant surging of its market value. According to Meghan, she is concerned about the small or retail investors that are dashing into highly volatile and risky cryptocurrencies. Meghan Shue’s Data Analysis and Concerns About Bitcoin Meghan Shue is the head of the investment strategy of Wilmington Trust, and she told Trading Nation of CNBC on Friday, that all of this rushing seems like running for returns in the wrong field. She added to her statement and said that people, especially retail investors should not popularise the results that they have seen in the past 3 months into the future. Her warning about the worrying trend comes out after the latest weekly report of the Bank of America. According to those reports, it has been witnessed that the inflows from the investors have hit an all-time high. Talking about numerics, the data from the reports show that around $58 billion has been invested into global stocks. After the release of the Bank of America’s report, she has pointed out that record investments are made in the United States large-cap tech sector. However, she also said that comparatively less attention has been paid to the areas with better potential for future returns. Her concerns are also applicable to conjectural sectors that were involved in the retail trading mania convinced by Reddit of this year that pumped the stocks with low quality. As of the closing on Friday, the cryptocurrency market is up almost 65% since the 1st of January of this year and 360% since its 52-week high. Special Note for Retail Investors In a special note by Shue, it was noted that money, at present, is coming off the sidelines and is appearing to be even more speculative than it has ever looked. Also, the CNBC contributor advised the retail investors to invest in economically sensitive stocks, are small-cap stocks, and in their growing phase.
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