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30 Percent of CFOs Still Call Bitcoin a Bubble: CNBC Survey

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.

CNBC surveyed 97 CFOs from companies that range from AT&T, Aviva, Levi and Mastercard, and within that group, 43 responded. Of those that did almost 30 percent of them said they believed that Bitcoin is ‘real’ but in a bubble.

This sounds like the typical gloom and doom from the major companies, who are either too arrogant to investigate further or simply don’t understand. In fact, the highest percentage of the CFOs, 30.2 percent, said they don’t know enough to offer an opinion.

However, there is a growing number of these traditional company finance heads who are starting to see the light.

In the survey, 14 percent of the CFOs stated they believe Bitcoin is "real and still going higher." Wall Street divide
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. However, the view on it has been softening as the digital currency continues to overcome hurdles.

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.

The jury is out
Karim Hajjar, chief financial officer of Solvay, said, that the "jury is out on Bitcoin." "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," Hajjar said.
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30 Percent of CFOs Still Call Bitcoin a Bubble: CNBC Survey

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.

CNBC surveyed 97 CFOs from companies that range from AT&T, Aviva, Levi and Mastercard, and within that group, 43 responded. Of those that did almost 30 percent of them said they believed that Bitcoin is ‘real’ but in a bubble.

This sounds like the typical gloom and doom from the major companies, who are either too arrogant to investigate further or simply don’t understand. In fact, the highest percentage of the CFOs, 30.2 percent, said they don’t know enough to offer an opinion.

However, there is a growing number of these traditional company finance heads who are starting to see the light.

In the survey, 14 percent of the CFOs stated they believe Bitcoin is "real and still going higher." Wall Street divide
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. However, the view on it has been softening as the digital currency continues to overcome hurdles.

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.

The jury is out
Karim Hajjar, chief financial officer of Solvay, said, that the "jury is out on Bitcoin." "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," Hajjar said.
#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoingu


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Bitcoin Gold Addresses ‘Scam’ Wallet and Premine Endowment Process. On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process. Trezor Adds Bitcoin Gold Support. Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessThe forked cryptocurrency bitcoin gold is having an interesting week as market liquidity is starting to hit exchanges. BTG markets have increased 100 percent in the past 24 hours jumping from $150 per token to $275 on November 21. The day before the Prague-based Satoshi Labs, the makers of Trezor, revealed they would enable BTG retrieval for customers within the wallet’s beta client. Trezor’s blog gives a step-by-step process on #BTG claiming, just as it did when bitcoin cash forked this past August. Users are required to use the firm’s beta wallet and upgrade their firmware to 1.6.0. “For the time being, your Bitcoin Gold wallet will only be accessible from the Trezor beta Wallet,” explains the company.

Bitcoin #Gold is not #Bitcoin — It merely uses bitcoin’s history similarly to the case of #BitcoinCash — This process will not affect your Bitcoin wallet at all.
Removing an Alleged Fraudulent Wallet from the BTG Homepage. In addition to getting BTG support from Satoshi Labs this week, the development team has revealed a wallet called “mybtgwallet” may be fraudulent and removed the wallet from their homepage. The development team says they are investigating the situation and the team is working with security experts covering the issue. “When we receive verifiable reports that a website or app is a problem, we removed it from our site,” explains the BTG development team. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #btc

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11-26-17 Stay Tune!!! @chargcoin


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Bitcoin Tops $8,200 As Lightning Triumphs And Cash Flounders. Bitcoin price continues to delight investors Monday as the most popular virtual currency breaks and stays above $8,200.

The latest milestone for Bitcoin, which came following news the first Bitcoin-to-Litecoin Lightning Network ‘atomic swap’ successfully debuted, caps its comeback after Bitcoin Cash volatility.

BTC currently has a market cap of almost $134 bln against a cross-crypto combined cap of just under $240 bln, both numbers representing new records.

Bitcoin’s dominance has also recovered over the past few days to top 56 percent of the market after struggling to maintain supremacy as BCH caused considerable fluctuations.

BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a forking battle of their own as two strands of BCH emerged last week.

The product of a “malicious fork,” Bitcoin Clashic now represents the original Bitcoin Cash or developers describe it, “Satoshi’s true vision.” As major supporter Roger Ver’s Bitcoin.com continues to point new users towards BCH, however, the Bitcoin community is coming out in increasing support of naive newcomers potentially unaware that BCH is not in fact Bitcoin. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #bitcoinasia


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India's Supreme Court reaches out to the government to formulate the regulation policies for bitcoin. Good things ahead on the cards?

https://www.smartmoneymap.com/indias-supreme-court-pushes-the-government-to-regulate-bitcoin/?utm_campaign=india&utm_medium=traffic&utm_source=fb&utm_term=behaviour-work&utm_content=posta-b

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Prove them wrong. The proof is in the numbers. 📊 ✅


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