Majority of Investors Consider Crypto a Bubble, Survey Shows

A majority of investors believe that cryptocurrency, as an asset class, is a bubble, shows a 2019 Cayman Alternative Investment Summit (CAIS) survey.

As detailed in a Cointelegraph report, the researchers interviewed around 100 investors and fund managers to create the survey report at the sixth annual conference of CAIS from February 6-9.

According to the survey results, 45 percent of respondents think that digital currencies, as an asset class, closely resembles a financial bubble. In addition, 20 percent of the respondents think that US equities are also a bubble, while another 19 percent and 16 percent have the same belief regarding the leveraged loan market and private credit respectively.

Moreover, in terms of technology, the survey respondents are more bullish on automation than Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term as 45 percent of participants are betting on automation and artificial intelligence (AI) while only 38 percent believe that distributed ledger technology is the next big thing.

Seasoned Investors Divided on Digital Assets

When it comes to institutional and seasoned investors, we saw a stark difference in the crypto market projection. While Warren Buffet and Jamie Dimon are skeptical with Bitcoin and other digital assets, investors like Mike Novogratz, a former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, are bullish in the new-generation asst class.

In an interview with Bloomberg, Novogratz predicted the medium term price of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to be settled around $8000 and said that “we’re not going to bubble back up.”

Buffet, on the other hand, while talking to CNBC, said: “You can stare at it all day, and no little Bitcoins come out or anything like that. It’s a delusion, basically.”

An earlier survey conducted at the Davos Summit shows an interest of institutional investors in blockchain as 26 percent of the respondents believed that major listed companies would have to start proactively reporting on their plans and ambitions around blockchain.