Survey Shows that CFOs Consider Bitcoin Real despite Different Price Opinions

In what can surely be named the year of Bitcoin, 2017 has brought along a massive price surge for the digital currency, alongside increased trading volumes, adopters, investors and merchant acceptance. Despite this, it seems like financial companies still do not have a positive opinion on the coin, with many referring to it as a bubble, or a fraud.

In a recently-conducted survey, by the CNBC, the company interviewed a total of 97 chief financial officers (CFOs), belonging to the CNBC Global CFO Council. When they were asked to state their view on bitcoin, 27.9% out of 43 respondents stated that the cryptocurrency is real, yet is a bubble, whereas 14% stated that it is both real, and that the price surge is likely to continue. Unfortunately, 27.9% of respondents mentioned that bitcoin is a fraud, whereas 30.2% stated that they do not know enough about bitcoin to state a clear opinion.

Thanks to the survey, it has also been concluded that 41.7% of CFOs based in the Middle East, Africa and Europe see it as a bubble. On the other hand 28.6% of CFOs in the Asian Pacific and 20.8% of U.S CFOs think the same.

In a recent interview, the CFO of Solvay, Karim Hajjar, mentioned that: "It's not a currency we are using for a multibillion dollar business … it's something we are curious about, we are very open to, but we haven't found a way to really integrate it into our business."

The price surges of the digital currency have sparked numerous debated surrounding the future of the coin, with financial company CEOs sharing their opinions. Many have referred to bitcoin as a fraud, whereas many others believe that it is a speculative bubble. However, regardless of these opinions, the popularity, trading volumes and price of the coin continues to rise. This is mostly thanks to the fact that bitcoin has managed to shrug off most of the negative statements, and has greatly benefited from numerous positive news, with more and more countries positively regulating it.

While bitcoin remains volatile, the market is happy with the fact that negative volatility is seldom encountered, as most price swings are leading to higher values.

Based on these aspects, it is important to point out the fact that there are many other people, including millions of daily bitcoin users who believe in the currency, and think of it as a game-changer for the financial market.