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Topic: 30 Percent of CFOs Still Call Bitcoin a Bubble: CNBC Survey - page 2. (Read 473 times)

hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
JP Morgan CEO also called bitcoin fraud Cheesy

if we start listening to what these people say about the only thing that is threatening their business then we have lost the battle ourselves. of course they would call bitcoin bubble, fraud, ... they are scared of it. and many of them don't even understand how it works but still they give opinion about what they don't understand and pretend to be experts in it!
hero member
Activity: 3192
Merit: 939
That`s why we need more big companies to adopt bitcoin payments.Bitcoin remains only as "digital gold" and people buy it just to wait and sell it later for profit.If this situation remains,i`m sure 90% of the CFO will soon call bitcoin a "bubble",and they will be right.The mass btc adoption we all are waiting for just can`t happen.Something is stopping the process-price volatility,slow confirmaiton time,hard forks...
I don`t know how the bitcoin community will solve this issue.The miners don`t care about this.They care only about their revenue.
newbie
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While the general talk of Bitcoin being in a bubble seems to be deflating among those who are in the market, there is still a strong feeling that it could pop with the institutionalized CFOs of a number of key companies. Of those that did almost 30 percent of them said they believed that Bitcoin is ‘real’ but in a bubble.

In the survey, 14 percent of the CFOs stated they believe Bitcoin is "real and still going higher.". When it comes to institutionalized money, as well as companies who operate in the traditional money market, there is still a great divide on the opinion of Bitcoin.

Recent hurdles, such as the canceling of SegWit2x and Bitcoin Cash’s rally, have not slowed down Bitcoin’s rise and even on the altcoin space, huge steps are being made into traditional companies. In fact, Ripple recently partnered with the likes of AMEX and Santander, which saw that digital currency's value rise almost 25 percent.

"If a hypothetical customer comes to us and says, 'I have a bunch of Bitcoins to buy your products,' first thing I'll probably want to do is not turn them away but probably find a way to sell those Bitcoins before I commit to the order and then really make sure we meet the needs of that customer.". From Overstock.com, whose CEO, Patrick Byrne has said: “The disparity between virtually no merchant acceptance and Bitcoin’s rapid appreciation is striking," to Mastercard CEO, Ajay Banga, who calls it ‘junk,’ the opinions vary.

https://cointelegraph.com/news/30-percent-of-cfos-still-call-bitcoin-a-bubble-cnbc-survey
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