• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
bubble
Nexo

It’s Official: As Bitcoin Goes Higher, Bubble Fears Drop

Wilma Woo by Wilma Woo
5 years ago
in News, Bitcoin, Bitcoin Investment, Bitcoin Price, News teaser
0
Advertisement

A succession of polls has revealed contradictions in investors’ understanding of Bitcoin’s price being a bubble.


$2k Bitcoin More Bubblishous Than $8k Bitcoin

Results of three installments of a Twitter survey by funds manager Charlie Bilello show that the higher Bitcoin’s price goes, the fewer respondents think a bubble is occurring.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“[The] higher the price of Bitcoin, less people believe it’s a bubble, more people believe it’s undervalued,” Bilello commented.

The three polls launched May 22, November 3 and November 20, when Bitcoin was trading around $2200, $7300 and $8200 respectively.

The proportion of respondents who thought Bitcoin was in a bubble dropped from 51% in May to 39% last week. At the same time, those who thought it in undervalued over doubled from 15% to 34% in the same period.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

My theory: higher the price of Bitcoin, more attention it gets, higher the adoption. If you own something or know someone who owns something, you’re less inclined to call it a bubble. Conceivably, if Bitcoin continues to rise, less and less people may consider it a bubble… pic.twitter.com/ljs3DFK8EX

— Charlie Bilello (@charliebilello) November 22, 2017

“My theory: higher the price of Bitcoin, more attention it gets, higher the adoption. If you own something or know someone who owns something, you’re less inclined to call it a bubble,” Bilello continued.

He added that he himself thought a bubble was present in 2013, prior to Bitcoin falling dramatically after the Mt. Gox debacle.

“Then went up another 8x. Was it a bubble then? Is it a bubble now? Who knows,” he mused.

CNBC Poll: 71% Would Put $10k In Bitcoin Over Stocks

The figures appeared the same week as CNBC, the mainstream news network which has taken a significant interest in Bitcoin’s progress this year, published its own poll asking viewers whether they would invest $10,000 in Bitcoin or the stock market.

POLL: If you had to put $10,000 to work right now, would you rather put it in #bitcoin or the stock market?

— CNBC's Fast Money (@CNBCFastMoney) November 21, 2017

71% opted for Bitcoin, yet the overwhelming majority is perhaps less surprising than it looks.

CNBC’s Fast Money segment has regularly featured investor and presenter Brian Kelly advising viewers to buy Bitcoin at certain price points, along with rebuttals of criticism that the virtual currency is a dangerous investment choice.

What do you think about the results of the polls? Let us know in the comments below!


Images courtesy of Twitter, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Related Posts

short bitcoin

Inverse Bitcoin ETF Sees 300% Increase In Short Interest

3 hours ago
Bitcoin

Bitcoin Bear Market Sends On-Chain Metrics Into Sideways Trend

7 hours ago
bitcoin addresses

Decline In Bitcoin Active Addresses Suggests Market Is Purging Paperhands

9 hours ago
Crypto

Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

12 hours ago
South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

18 hours ago
Jordan Belfort

Jordan Belfort, The ‘Wolf Of Wall Street,’ Advises: Buy Bitcoin Today And Make Money

19 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.