According to a CNBC survey, there are some chief financial officers that believe Bitcoin is “real and still going higher.” However, there are a lot more that think the digital currency is far from being a trustworthy asset.
From the ninety-seven chief financial officers asked what do they think about Bitcoin, 43 responded, with 27.9 percent saying that the cryptocurrency is “real but in a bubble.” Another 14 percent believe that Bitcoin has a bigger impact and that is “real and still going higher.”
People are still considering Bitcoin a ‘hoax’!
On the other side, 27.9 percent of them expressed their fear that the most popular digital currency is in fact a hoax, a well-elaborated fraud. And then there are the undecided, with 30.2 percent of CFOs claiming that they don’t know enough about the cryptocurrency to have an opinion.
Of the finance chiefs based in Europe, the Middle East, and Africa, 41.7 percent said that Bitcoin is “real but in a bubble,” while 20.8 percent in the U.S. and 28.6 percent in the Asia Pacific region believe the same thing.
“It’s not a currency we are using for a multibillion dollar business … it’s something we are curious about, we are very very open to, but we haven’t found a way to really integrate it into our business,” said Karim Hajjar, chief financial officer of Solvay.
Will opinions change if the price keeps growing?
With Bitcoin hitting peak after peak, it’s interesting to see how or if opinions will change in the near future. Opinions that the digital currency isn’t going nowhere are still very loud. JPMorgan Chase CEO Jamie Dimon famously called Bitcoin a “fraud”, with UBS calling the cryptocurrency a “speculative bubble.”
However, there are many changes for the positive regarding Bitcoin’s future. Earlier this year, Japan passed a law to allow retailers to accept the digital currency as payment, and the fact that the CME Group announced plans to introduce Bitcoin futures is still making waves.