Yale University: business leaders believe the bitcoin bubble

In December, Bank of America Merrill Lynch conducted a survey among 172 managers of global funds, which manage assets of $480 billion, 32% of respondents noted that the cryptocurrency market is «the busiest in the world,» in September, this view was shared by only 26% of respondents.

Since September, bitcoin has shown almost a fourfold increase, helped by expectations of start of futures trading on the bitcoin exchanges and THEIR CME.

At the moment, all of the shares of group companies FAANG (Facebook, Amazon.com Apple, Netflix and Google, the parent company Google), and BAT (Baidu, Alibaba, Tencent) are traded in smaller volumes. 37% of respondents (vs. 60% in 2016) allocated to this segment.

On the other hand, according to a survey school of management at Yale University, business leaders increasingly agree that bitcoin is a bubble.

The survey was conducted among 87 corporate leaders on a wide range of economic and political aspects. Virtually any questions no consensus, except those which related to cryptocurrency.

Approximately 88% of survey participants called cryptocurrency «dangerous» bubble, «this can’t be good». 91% are confident that exchanges do not have a clue how to regulate bitcoin. 85% believe cryptocurrency is too hyped and dangerous.

Yale University Professor and Nobel laureate Robert Schiller (Robert Shiller), expressed earlier, that bitcoin is “the best example of a bubble”, he recently expressed his doubts about its value. The head of JPMorgan Chase Jamie Dimon (Jamie Dimon) as one of the most vocal opponents of bitcoin is called cryptocurrency “Scam” is fully supported by 88% of respondents — it is also of the opinion that “all this will end badly.”

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