survey

The Bank of America Global Fund Manager Survey shows that the biggest tail risk facing the market is a disorderly rise in bond yields, followed by an artificial intelligence bubble.

The Bank of America Global Fund Manager Survey shows that investors believe the yield on the 10-year U.S. Treasury bond reaching 5.9% will prompt a shift in asset allocation from stocks to bonds.

According to a report by The Block citing The Wall Street Journal, the prediction market platform Kalshi is investigating several trades that correctly bet on Trump appointing Katie Zacharia as White House Press Secretary before the announcement was made. Trump confirmed the appointment in a post on Truth Social on Friday afternoon, with Zacharia replacing Karoline Leavitt.At least three bets totaling approximately $173 were placed before the media reported on the candidate, with the market expected to pay out about $9,600 in total after settlement. One bet of about $19 was placed around 10:42 PM (Eastern Time) on Thursday, with an expected payout of $1,896; two other bets of approximately $74 and $80 were placed around 1:41 PM on Friday, with expected payouts of $3,689 and $4,023, respectively.The report stated that a few days before the news broke, Kalshi traders assigned a probability of about 1% to Zacharia. This investigation comes after the Commodity Futures Trading Commission reached a settlement in August with a former White House teleprompter operator who had traded on markets related to Trump’s speeches on Kalshi.

A survey released by Visa shows that consumer interest in stablecoins is rising in the Asia-Pacific region. The survey covered 14,250 respondents, of which 46% indicated they might use stablecoins in the next five years, while the actual usage rate in the past 12 months was 16%. About 49% of respondents believe that stablecoins are likely to become a common method for cross-border transfers within five years. Nischint Sanghavi, Visa's head of digital currency for the Asia-Pacific region, stated that consumer perceptions of stablecoins are undergoing a significant shift.The cognitive gap remains significant. Visa stated that only 6% of respondents accurately understand how stablecoins work, and 49% of those who are aware of stablecoins believe they can only be used for buying and selling cryptocurrencies. Among respondents who are aware of stablecoins but have not yet used them, concerns about fraud and scams are the most frequently mentioned barriers. There are approximately 2.5 billion middle-class consumers in the Asia-Pacific region, with nearly half open to using cryptocurrencies pegged to fiat currencies.Visa has expanded its stablecoin settlement network and is seeking to support more tokens and blockchains. Its partner Reap is preparing a local currency stablecoin for 24/7 foreign exchange settlements in Asia and other markets, which may include tokens for the Hong Kong dollar, South Korean won, and Japanese yen. Asia currently leads the world in stablecoin capital flows and on-chain activity, with payment companies driving the conversion of related demand into everyday payment products.

The latest consumer financial survey by the Federal Reserve shows that American households are experiencing increased debt pressure, with a significant rise in loan delinquencies. The median household debt service-to-income ratio has risen to 15.4%, an increase of 2 percentage points compared to 2022. The proportion of households with a heavy debt service burden has risen to 8.6%, reaching the highest level since 2013.

CoinShares' latest survey shows that among wealthy investors in the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland, the majority already hold cryptocurrency assets, averaging about 10% of their portfolios. The survey covered 2,230 investors with at least $500,000 in investable assets, with Sweden's cryptocurrency holding rate at 54%, while the rates for the United States, United Kingdom, Germany, and Switzerland are around 70%.Among investors who already hold digital assets, at least 85% in five of the seven countries indicated plans to increase their holdings by 2026, with the proportion reaching 91% in the United States, United Kingdom, and Germany. The decline in the cryptocurrency market in February this year did not significantly weaken investment willingness; among respondents from the seven countries, more believed that the market sell-off actually increased their willingness to invest than those who felt it decreased their willingness. The survey indicates that long-term appreciation and asset diversification are the main reasons for investing in cryptocurrency assets, with only 6% of respondents primarily viewing themselves as short-term traders.Bitcoin remains the most widely held digital asset, with an average of 80% of cryptocurrency investors holding BTC; 77% of respondents believe BTC will play an important role in the future global financial system, and 79% support strengthening regulation of the digital asset market. Meanwhile, about 40% of respondents in Switzerland, France, the United States, and Germany who work with financial advisors believe that advisors are overly cautious about digital assets. CoinShares stated that the interest of wealthy investors in cryptocurrency assets is forming a stark contrast to the cautious attitude of the traditional wealth management industry.

Digital asset management company CoinShares stated in its latest survey that the willingness of wealthy investors to allocate to cryptocurrencies continues to expand. The survey targeted a total of 2,230 wealthy investors from the United States, the United Kingdom, France, Germany, Italy, Sweden, and Switzerland.The survey showed that the digital asset holding rate ranges from 54% to 70%, with the holding rates in the United States, the United Kingdom, and Germany approaching 70%. Among respondents who already hold digital assets, there is a strong willingness to increase exposure by 2026. CoinShares noted that at least 85% of existing investors in the five markets plan to increase their positions, with the proportions reaching 91% in the United States, the United Kingdom, and Germany, and 78% and 71% in Switzerland and Sweden, respectively.

According to The Block, Lloyds Bank's tenth annual financial institution sentiment survey shows that 71% of senior executives at large financial institutions in the UK expect tokenization to reshape the financial services industry.The survey indicates that faster payment and settlement speeds are the most frequently mentioned advantages of tokenization by respondents, followed by collateral and liquidity management.

Bitwise released its first report on "Institutional Adoption of Crypto Assets," based on interviews with investment professionals responsible for crypto asset allocation at 15 large institutions. The report states that during the period from the fourth quarter of 2025 to the second quarter of 2026, the overall crypto market will retract by about 50%, but none of the interviewed institutions reduced their crypto asset allocation, and some institutions even increased their holdings.All interviewed institutions holding crypto assets possess Bitcoin, with most viewing it as a store of value and ranking it alongside gold as a hedge against fiat currency depreciation. The report also shows that the allocation of crypto assets by the interviewed institutions ranges from 0.5% to 13% of their investable assets, with most concentrated between 1% and 2%.

According to The Block, Visa released the report "Money Travels 2026," based on a survey of 2,192 American adults, showing that if stablecoins were equipped with bank-level fraud protection and deposit insurance, consumer willingness to use them would increase from 36% to 56%; if offered through existing financial institutions, willingness could also rise to 45%.The survey also revealed that 56% of respondents had never heard of stablecoins, and 64% of respondents had more trust in payment providers than in the technology itself. Currently, the total supply of dollar-pegged stablecoins globally has exceeded $29.5 billion, with USDT at approximately $18.34 billion and USDC at about $7.6 billion; Visa's stablecoin settlement annualized scale has surpassed $20 billion, growing more than 15 times compared to a year ago.

A survey conducted by Bank of America (BofA) from September 4 to 10 showed that 53% of global fund managers consider "going long on global semiconductors" to be the most crowded trade, marking the fourth consecutive month this trade has held the top position.Despite this, 33% of respondents believe that the related companies are over-invested, the highest recorded proportion to date. "Shorting government bonds" has risen to second place for the first time, with 18% of respondents listing it as the most crowded trade. Only 7% of respondents believe that "going long on the Magnificent 7" is the most crowded.Previously, this trade had been in the top position for 23 consecutive months from 2023 to 2025, peaking at around 70% in June 2024. Semiconductor stocks continue to attract investor attention.

The latest Markets Pulse survey shows that if the 10-year U.S. Treasury yield reaches 5% to 5.25%, it could lead to a 10% drop in U.S. stocks from their peak. Among 122 respondents, about 30% believe this yield level is sufficient to trigger a correction. The current yield has risen above 4.96%, reaching a three-year high. The Chief Economist at RSM stated that the market is on the brink of a correction.

A Reuters survey shows that 55% of bond strategists expect the yield on the U.S. 10-year Treasury note to reach 5% within three months.

The latest survey by the National Institute on Retirement Security (NIRS) shows that 77% of Americans believe that cryptocurrencies in workplace retirement plans are risky, with 46% considering the risk to be extremely high, and 53% opposing employers offering cryptocurrencies as an investment option. The survey was conducted by Greenwald Research from October 24 to November 14, 2025, with a sample of 1,203 Americans aged 25 and older.The survey also revealed that 80% of respondents believe the U.S. is facing a retirement crisis, up from 67% in 2020; 61% expressed concern about achieving financial security in retirement, 68% believe it is becoming more difficult to prepare for retirement, and 77% stated that debt hinders adequate savings. Meanwhile, the Trump administration and federal regulators are pushing to expand access to alternative assets in retirement accounts.In May 2025, the U.S. Department of Labor rescinded previous guidance urging 401(k) fiduciaries to exercise "extreme caution" regarding cryptocurrency investments. Trump signed an executive order on August 7, 2025, directing the Department of Labor and the SEC to consider easing regulations. In March 2026, the Department of Labor proposed a draft rule allowing 401(k) plans to include alternative assets, but faced opposition from Senators Bernie Sanders, Elizabeth Warren, and others.

Morgan Stanley's equity research team conducted an annual survey of over 500 North American summer interns, most of whom are under the age of 21. More than a quarter of the interns reported using prediction market applications in the past year, with Kalshi and Polymarket being the most common choices; among them, 55% of users utilized multiple betting applications.Prediction markets are facing increased scrutiny in the United States, with several states taking legal or regulatory actions against related platforms. Morgan Stanley's employee code of conduct covers trading and investment matters, including prediction markets, but insiders did not disclose further details. Another national survey indicated that 21% of American adult respondents have used prediction market platforms, with the percentage rising to 37% among the 18 to 34 age group.Regarding AI, 68% of interns use AI tools daily, up from 35% last year and 14% in 2024; about 70% are personally subscribing to paid AI tools, an increase from 52% last summer. Meanwhile, 61% of respondents are concerned that AI will replace jobs in finance, and 74% worry about job displacement in other industries. Over 60% are interested in using humanoid robots at home, and 10% indicated they might become early adopters.

According to Bank of America’s global fund manager survey in August, 27% of the surveyed fund managers have a higher allocation to U.S. stocks than the weight of U.S. stocks in the global benchmark index, indicating that investors expect better performance from U.S. stocks.This is the highest percentage since December 2024, an increase of 3 percentage points from July. The S&P 500 index has risen 13% this year, while the STOXX Europe 600 index has increased by 10%.

According to Bitcoin.com, Fireblocks released the 2026 "Financial Grid" survey report, which covered over 600 executives. The report shows that 99% of institutions on the European continent and 100% of institutions in the UK expect regulatory policies to support the development of digital assets. Influenced by the clarity of the MiCA regulatory framework, 53% of European institutions have completed funding commitments before 2026, higher than the global average of 42%; in the UK, due to the regulatory framework still being developed, this figure is only 36%, but another 59% of UK institutions plan to complete budget allocations within 2026.In terms of product layout, European institutions lead in tokenized money market funds (62% vs 45%) and tokenized securities; the UK is more aggressive in stablecoin issuance, with 50% of institutions planning to issue stablecoins independently, higher than Europe's 40%. Both major markets list around-the-clock settlement and real-time payments as primary application scenarios.

Bearingpoint's latest survey shows that 23% of Swiss adults use cryptocurrency at least occasionally, significantly higher than Austria's 18% and Germany's 11%. In addition, 37% of Swiss respondents believe that cryptocurrency is worth investing in, 45% think it could serve as an international trade or reserve currency in the future, and 44% are willing to use central bank digital currency (CBDC), with these figures all higher than those in Germany and Austria.The report points out that since the implementation of the DLT law in Switzerland in 2021, a mature crypto ecosystem has formed, with Crypto Valley housing 1,749 blockchain and DLT companies. Meanwhile, Germany plans to promote crypto asset services through traditional banking channels such as DZ Bank and Dekabank to narrow the gap in adoption with Switzerland.

According to CoinDesk, a survey by financial technology service provider Broadridge of 200 North American financial services executives shows that 84% of the responding institutions believe that tokenization is of significant importance to their business, indicating that Wall Street is transitioning from the experimental phase of blockchain to preparing for the integration of tokenized assets into everyday market infrastructure.The survey reveals that 68% of respondents believe that tokenization will partially reshape financial markets in the next 3 to 5 years, with nearly one-third of institutions planning to increase their investment in tokenization projects by 26% to 50% or more over the next 2 years. Meanwhile, 92% of institutions expect digital assets and traditional assets to coexist in the foreseeable long term, and 69% plan to integrate tokenization into existing infrastructure rather than building a native on-chain system from scratch.

According to Jinshi reports, Samuel Tombs of Pantheon pointed out that the University of Michigan Consumer Confidence Index rose from 49.5 in June to 54.4, exceeding economists' expectations of 50.5, but still below last year's average level. He stated that the decline in inflation expectations provides some comfort to the Federal Reserve, although Chairman Waller's tough rhetoric failed to further lower expectations.At the same time, the "lack of leverage" for workers means that the likelihood of wage growth rising due to the recent overall inflation rebound is very low.