Chief financial officers (CFOs) around the world seem to distrust bitcoin, according to a CNBC survey published Tuesday.
CNBC received 43 responses from their Global CFO Council to a survey about their views bitcoin, with 12 of these respondents stating that it was âreal but in a bubble,â and a further six saying it was âreal and still going higher,â according to their results.
Another 12 respondents said they believe bitcoin is a fraud, with the remainder responding that they do not know enough about the cryptocurrency to say anything.
More CFOs in Europe, the Middle East and Africa think bitcoin is in a bubble than in the United States or the Asia-Pacific regions, according to the survey. Similarly, more CFOs in the former areas responded with the âfraudâ moniker.
Roughly 21% of American CFOs think bitcoin is in a bubble, compared to about 29% in the Asia-Pacific area.
One of the CFOs on CNBCâs council, Solvay executive Karim Hajjar, said he was unsure about bitcoin.
He told CNBC:
âItâs not a currency we are using for a multibillion dollar business ⦠itâs something we are curious about, we are very very open to, but we havenât found a way to really integrate it into our business.â
Solvay would have to establish how to sell bitcoin before they would allow a customer to conduct a transaction using it, he said.
CNBCâs results somewhat echo a survey of institutional traders conducted by brokerage firm Triad Securities and Datatrek Research published last week. In that survey, 39% of respondents think bitcoin is in a bubble, with a further 27% saying its price increase would slow down.
Digital survey image via Shutterstock