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  • Bitcoin has rallied so much this year,

  • that the traditional money managers are getting more and more worried

  • Will the Bitcoin rally last?

  • about the digital currency's rise.

  • Bank of America Merrill Lynch found that in its December survey,

  • 32 percent of money managers said Bitcoin is the most crowded trade,

  • meaning that it's so popular that

  • it could reverse just as quickly as it's rallied,

  • more than 1,700 percent this year.

  • There's (are) other signs that the Bitcoin mania is getting way ahead of itself.

  • Some market analysts said in the last week

  • that this kind of mania could only exist because

  • the whole financial market is in a state of high confidence.

  • The S&P 500 is up more than 20 percent this year record highs

  • and on pace for it being second-longest bull market on record.

  • The financial market analysts also point out that

  • it's not just Bitcoin or stocks that are up a lot this year.

  • The Leonardo da Vinci painting selling for $450 million dollars.

  • The highest art auction has recorded.

  • Real estate selling for tens of millions

  • or even hundreds of millions of dollars.

  • And the high confidence in all these markets

  • is encouraging more and more people to buy,

  • which lays the foundation for why we could have cryptocurrency mania that we've seen

  • especially in the last couple of months.

  • The mania is also spreading from the coastal states to the Midwest.

  • CNBC analysis of Twitter found that mentions of

  • Bitcoin, litecoin, ethereum and Ripple

  • were up dramatically from January to November.

  • Illinois was the state that saw the most growth up 1,000 percent.

  • Ohio, Texas and Florida also saw growth in Twitter mentions

  • of these cryptocurrencies of several hundred percent.

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Bitcoin has rallied so much this year,

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