Bitcoin bulls could walk into a $1 billion liquidation trap as Bank of America warns multiples are about to compress
Bank of America's latest market call reads less like a typical bear forecast and more like a structural warning about what happens when markets stop paying premium multiples, even if profits keep grow...
Bank of America's latest market call reads less like a typical bear forecast and more like a structural warning about what happens when markets stop paying premium multiples, even if profits keep growing. The firm argues that the S&P 500 remains “statistically expensive” on 18 of 20 valuation metrics, with four near-record highs, and expects […] The post Bitcoin bulls could walk into a $1 billion liquidation trap as Bank of America warns multiples are about to compress appeared first on CryptoSlate.