According to a Consultant Gartner survey, out of the 77 polled financial executives, only 5% will hold Bitcoin this year because there are still many worries about strong volatility so let’s read more in our latest BTC news.
Institutional investors could be driving the market into a craze but the financial bigwigs are still skeptical about BTC and are not planning to hold the asset. If the new survey by Consultant Gartner has something to go by, it seems that only 5% of the financial executives that were polled, will hold Bitcoin in 2021. In fact, 84% of the respondents said they don’t plan on ever holding it as a corporate asset because it is too volatile. 16% of the respondents said they would hold BTC, but were in no hurry to do so.
5% of the executives that said they would hold it said that they would do it this year while 9% said they would start holding it in 2024 or later. 1% said that they would hold BTC at some point in the next two or three years. The chief of Research in the Garner Finance Alexander Bant said:
“There are a lot of unresolved issues when it comes to the use of bitcoin as a corporate asset. It’s unlikely that adoption will increase rapidly until we get more clarity on these challenges.”
The survey interviewed 77 financial executives like 50CFOs and Gartner’s findings came at a time when BTC has again broken an all-time high because the tech CEOs and big players in mainstream finance are becoming excited by the store of value of the asset. According to the consulting firm, the big executives that were polled would like to hear more from the regulators about the currency and to understand the risks of holding it as Bant added:
“Finance leaders who are tasked with ensuring financial stability are not prone to making speculative leaps into unknown territory.”
In another survey, more than 2000 Australian investors found that cryptocurrency is a more popular investment than gold and silver but still has a long way to go before it nears the shares. The poll was conducted on behalf of the BTC markets in February and found that 12.6% of the Aussie investors hold BTC or other cryptocurrencies compared to the 12.1% who hold the metals.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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