11 April 2013

Poll: Is Bitcoin a Long-Term Alternative to Government-Sponsored Currencies?

Posted In: Economics

In a poll conducted in the CFA Institute Financial NewsBrief, we asked professional investors around the world if they thought the Bitcoin would be a long-term, viable alternative to government-sponsored currencies.

Do you think the Bitcoin, as an independent, digital currency, will remain a viable alternative to government-sponsored currencies around the world for the long term?

Only 17% of the 1,065 respondents said yes. Of course, the core of any monetary system is trust. With so few investors willing to trust the Bitcoin right now, does it have a fatal flaw, or is it just getting started? To better understand the phenomenon of the Bitcoin, read the blog post “Bitcoins: New Gold or Fool’s Gold?” and tell us what you think by adding your comments at the bottom of the blog.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Tags: Bitcoin, currency, Polls

Share On

About the Author(s)

Ron Rimkus, CFA

Ron Rimkus, CFA, was Director of Economics & Alternative Assets at CFA Institute, where he wrote about economics, monetary policy, currencies, global macro, behavioral finance, fixed income and alternative investments, such as gold and bitcoin (among other things). Previously, he served as SVP and Director of Large-cap Equity Products for BB&T Asset Management, where he led a team of research analysts, 300 regional portfolio managers, client service specialists, and marketing staff. He also served as a Senior Vice President and Lead Portfolio Manager of large-cap equity products at Mesirow Financial. Rimkus earned a BA degree in economics from Brown University and his MBA from the Anderson School of Management at UCLA. Topical Expertise: Alternative Investments · Economics

2 thoughts on “Poll: Is Bitcoin a Long-Term Alternative to Government-Sponsored Currencies?”

Lord Alec says:

12 April 2013 at 09:05

17% of investors, that’s enough to make bitcoin very frigging big. LOL, If 17% of investors put there money into bitcoins, well it would be worth 100billion in a matter of moments.

Reply
Michalis says:

13 February 2014 at 09:00

Investors don’t have a clue because they haven’t yet stepped in. When they step in it will be late.

Reply