Bitcoin is a real asset, but it's in a bubble state.

[johnjin]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

[illiki23]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

You do know that 27.9% is a minority??  

What were the other options and what percentage of the vote did they get?  It all depends on this.  Without this information the 27% measure is useless.

[Snaic]

I fully agree that bitkoyn is a real digital asset with a good future, but now in a bubble state. His current growth in the price of up to 11 000 dollars, although it pleases, but compared to the prices for altcoyins, it's a bubble. Bitcoin does not currently have any significant technological improvements in comparison with altcoyins. On the contrary, it is already technologically obsolete and needs improvements, which are attempted through cash, gold, and diamond detached from it.
     Bitcoin is still growing in price due to its fame and rush demand. Demand generates a price increase, and an increase in its price generates a further demand for it, since many want to make a significant profit by increasing its value. Is not this called a bubble?

[CaptainKid]

I fully agree that bitkoyn is a real digital asset with a good future, but now in a bubble state. His current growth in the price of up to 11 000 dollars, although it pleases, but compared to the prices for altcoyins, it's a bubble. Bitcoin does not currently have any significant technological improvements in comparison with altcoyins. On the contrary, it is already technologically obsolete and needs improvements, which are attempted through cash, gold, and diamond detached from it.
     Bitcoin is still growing in price due to its fame and rush demand. Demand generates a price increase, and an increase in its price generates a further demand for it, since many want to make a significant profit by increasing its value. Is not this called a bubble?

This is just your opinion and assumption! On account of what you consider bitcoin "bubble", there is a lot of information (in this forum as well) and denials to this statement. 

[BCEmporium]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

Seems like even the CNBC doesn't understand the term "bubble" anymore... We don't know the value of Bitcoin, but it could easily be several trillion USD in market size. In that case it would be very far from being anything close to a bubble.

Will the price retract for a period of time? Probably, that's what happens most of the time in most markets after a bull run. But that doesn't make an asset a bubble, which would imply that the asset is overvalued (which with Bitcoin nobody can assess right now).

[n64]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

Except people have been saying this for years now.  Are we really to believe the vote of a couple CFOs over years of tried and true experience in the market?

[william8829]

What is a bubble?

A bubble is an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive selloff occurs, causing the bubble to deflate.
Read more: Bubble https://www.investopedia.com/terms/b/bubble.asp#ixzz4zrRS8Ibr

The rapid escalation and contraction, the exuberant market behavior and massive selloffs we have seen plenty of that with the Bitcoin market.  I do not think the 'fundamentals of an asset' part really matters in this case. Fundamentals meaning what intrinsic value Bitcoin has because something even more important affects the Bitcoin price and that is market manipulation.

[feelideb]

It sure look like a bubble if you look at it's geometry move in price.
 But there are genuine use of bitcoin all around the globe. Trade is made easier because of bitcoin.

[seasonw]

Crypto currency world is a brand new world that not understand by most of the people. Are you sure that these 27.9% know what the hell is blockchain?

I think the same questions asked them while bitcoin reached $4000, and the answer is still the same = Bubble!

[nhoj25]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

hmm Bubble state?  I think ETH is in bubble state but BTC? hmm i dont think so

[woas4]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

hmm Bubble state?  I think ETH is in bubble state but BTC? hmm i dont think so

Why would Ethereum be in a bubble and Bitcoin not? I think either crypto as a whole is in a bubble state right now or nothing is. Prices are all related, see the latest Bitcoin dump that happened today..the entire market dumped together.

[danherbias07]

Yeah out of 1000 percent.  
Look that is just a little percentage and some of them might have a bad history with bitcoin or others could have been just people who just wanted to raise their hands.

If it is a bubble it already exploded. This huge amount of people supporting it will not let that happen.

[dead_m92]

What can you expect from a newbie member? he is saying that all the people from there said that bitcoin is a bubble, but he is a meme. A few words after he said that only 27% of those guys said that it was a bubble..

I dont understand why a lot of people are still saying that bitcoin is a bubble, in fact, maybe it is a little bit over inflated right now, but i dont think that it is a bubble, it can still keep rising because people is still in love with this coin.

It is true that a lot of people are now withdrawing their earnings, but it does not means that the bubble is exploding (like a lot of people are saying now)

[illiki23]

Yeah out of 1000 percent.  
Look that is just a little percentage and some of them might have a bad history with bitcoin or others could have been just people who just wanted to raise their hands.

If it is a bubble it already exploded. This huge amount of people supporting it will not let that happen.

Yes, the 27% thing means absolutely nothing without context.

It could be that 73% said no.  There could be 20 other options.  It is so irrelevant.

I asked what the other options were and what their vote percentages were but no one has replied yet.

[sic57005]

Bubble? Then okay, name the real price.

[orka39]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

You do know that 27.9% is a minority??  

What were the other options and what percentage of the vote did they get?  It all depends on this.  Without this information the 27% measure is useless.

Yes 27% is minority and how about the other 73%?? In the world, people can have different opinion so maybe the other 73% said that bitcoin is best way for investment and next currency in the world.

[Elby]

Feel that many people who say it is a bubble are just saying this, because they missed the boat or just hyping as bubble is a hyping word now in this subject.

Stock exchange can be seen as a bubble too, all financial investing projects can be seen as bubbles. I going to bath now with bubbles.  

[DaftAjax]

At the CNBC global CFO conference, 97 CFO were asked about their views on bitcoin. 27.9% of them think the encrypted currency is trueBut in a bubble state~

You do know that 27.9% is a minority??  

What were the other options and what percentage of the vote did they get?  It all depends on this.  Without this information the 27% measure is useless.

Yes 27% is minority and how about the other 73%?? In the world, people can have different opinion so maybe the other 73% said that bitcoin is best way for investment and next currency in the world.

They can say what they want, they are just envy to what is currently happening to Bitcoin. And this has been a no surprise for the most of us here in the community, since every year Bitcoin went into the same path as the last year so, the process of increasing in value is quite the same but higher. Its not a bubble really, its a hike or what we called pump. Its not just for a show and then going to be dumped later, its just that, there is also this time of the year where many people hold Bitcoin as much as they want, making it having a little dump and wait for the right price to make a good profit for themselves. Just like what happened now.

[dumplingsandsushi]

I actually agree with the minority cfos that btc is in a bubble.
How can it not be?
What makes btc so special that it defies the laws of fundamental economics?

The argument that "people having been saying btc is in a bubble for years but it still hasn't popped" just goes to show how bad the bubble is.
The world economic crisis was a surprise to the average joe, but for a lot of economists, they had been warning about the real estate bubble for years in america but it just
kept on going up.

Any type of real asset can not sustain this type of astronomical growth forever.
It is really a number games rather than if we believe in btc or not.

For those that believe btc is unstoppable, it is exactly this type of mentality that will drive the bubble further into an inevitable astronomical burst of the bubble.

[CookieGums]

bubble like, can be gone anytime? yeah bitcoin can be gone anytime if the internet and technology will gone. but right now that the society is full of technology. this is impossible