Goldman Sachs survey shows Asian hedge funds really don't like bitcoin

In this photo illustration, the Bitcoin logo is seen on a mobile device with People's Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images)
Budrul Chukrut | SOPA Images | LightRocket | Getty Images

Asian hedge funds may not be as bullish on bitcoin compared to their peers in the U.S., according to a Goldman Sachs report issued over the weekend.

Less than a percent of chief investment officers indicated bitcoin is their favorite investment asset class, while about 35% indicated the digital currency is their least favorite asset class, the bank found.

About 55% of the participants indicated they favor growth assets and just 5% identified growth assets as their least favorite.

More In Pro Insight

CNBC ProTom Lee is changing his view on which stocks may lead the market's next leg higher
watch now
CNBC ProHere's a good way to invest in the booming EV sector, says strategist David Roche
CNBC ProEV stocks are 'overpriced' — but there's a good way to play them, says strategist