3 In 4 Investors In Survey Said They See Bitcoin As A Bubble

15 Apr 2021 — The battle between crypto advocates and adversaries continues to heat up as Bitcoin hits record high before landmark Coinbase listing.

Coinbase, the largest US cryptocurrency exchange’s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates. Bitcoin has been growing mainstream acceptance as an investment in recent times including institutional interests from BNY Mellon, Mastercard and Tesla.

According to a recent report form CNBC, nearly 3 in 4 professional investors in Bank of America Fund Manager Survey for April said they see bitcoin as a bubble, indicating the highly speculative ground they see bitcoin on.

While 16% are undecided, sitting on the fence declining to answer, 10% are optimists and said they think bitcoin will outperform in 2021.

In the world of Crypto, what kind of person are you?

Cynic – “Are you kidding me? Crypto is a joke and a scam and you’re an idiot if you think anything different”

Skeptic – “But cryptocurrency has no value”

Opportunist – “Fastest way to make money”

Believer – “Bitcoin can replace gold entirely, one bitcoin could be worth $357,000.”

Dogmatist – “Enjoy staying poor.”

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