CEOs Deepest Thoughts About Cryptocurrencies
The never-ending acceptance and popularity of cryptocurrency are generating a big thrill in the financial world. Cryptocurrency investors remain to be positive on the upward trend of the digital currency. Despite the rising trend of cryptocurrencies like Bitcoins, there still some people who remain to be skeptics.
What do you think do financial experts and company owners say about the digital currency?
This is how the fame of digital currencies is changing our financial outlook. What are the advantages and disadvantages does this virtual money offer? Let us see what CEOs say about cryptocurrency.
Whether They’re Calling It A Fraud, Bubble Or World Changer, A Lot of Companies Are Talking About Cryptocurrency
J.P. Morgan CEO Jamie Dimon thinks bitcoin is a “fraud.” Investor Mark Cuban called it “a bubble.” Goldman Sachs CEO Lloyd Blankfein is still undecided. But whether or not executives believe in the potential of bitcoin, ethereum or blockchain technology, they and their companies can’t avoid talking about cryptocurrencies.
Mentions of “cryptocurrency” (digital currencies not tied to any country’s legal tender) and related terms including “bitcoin” and “ethereum” (the two most popular cryptocurrencies), “blockchain” (the technology underlying these currencies), and “initial coin offering” (or ICO, which lets companies raise capital through the creation of a new cryptocurrency) have skyrocketed over the last seven years, according to data from Sentieo, a financial research firm.
In total, 1,200 publicly traded companies have generated over 12,000 mentions of digital currency during the past 14 years.
With another month left to go in 2017, references to cryptocurrency in corporate communications are already double what they were in all of 2016, according to a Fortune analysis of the Sentieo data. And they’re up more than 7,000% since 2010, when admittedly only a handful of companies had talked about “digital currency” during earnings calls or presentations.