In keeping with the just lately revealed CNBC CFO Council quarterly survey, 78% of chief monetary officers (CFOs) proceed to view Bitcoin as a extremely speculative funding.
Sadly for Bitcoin advocates, solely a minuscule 7% of CFOs view the main cryptocurrency as a retailer of worth.
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Even though the cryptocurrency achieved spectacular institutional acceptance milestones this yr with the launch of exchange-traded funds (ETFs), 11% of the surveyed CFOs are nonetheless satisfied that Bitcoin is a fraud. Nonetheless, that is nonetheless important progress in comparison with 2017. Again then, almost a 3rd of all CFOs considered the biggest cryptocurrency as a fraud, in accordance with the identical survey.
As well as, only a few CFOs (solely 4%) don’t have any view of Bitcoin, which highlights how mainstream the cryptocurrency has develop into.
Nonetheless, company Bitcoin adoption stays in its early innings, with only a few non-crypto corporations having publicity to the main cryptocurrency.