Ninety-seven CFOs were asked, by CNBC, what they thought about bitcoin. Only 43 responded and almost 30% of them said “is real but in a bubble”. Then, another 14% said bitcoin “is real and still going higher”. 27.9% said the most famous cryptocurrency is a “fraud”. 30% of CFOs said they don’t know enough about it to have an opinion.
41.7% of the finance chiefs based in Europe, Africa, and the Middle East said, “bitcoin is real but in a bubble”. Only the 20% in the US said the same thing. 33% of these executives in EMEA, said it’s a “fraud”.
“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”, Karim Hajjar, chief financial officer of Solvay, told CNBC.
Bitcoin hit an all-time high on Sunday, breaking above the $8,000 mark for the first time ever, surprising everyone. The price of the cryptocurrency is up over 700% this year.Trade now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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