Investopedia Survey Suggests Investor Concerns of Bitcoin Bubble, Says Editor-in-Chief

Over 60% of respondents surveyed by Investopedia believe bitcoin is in bubble territory.

Mar 18, 2021 at 10:38 a.m. UTC
Updated Sep 14, 2021 at 12:28 p.m. UTC

The "only bubble" respondents of an Investopedia survey said they were concerned about one involving bitcoin, according to the U.S. financial website's editor-in-chief.

Appearing on the business segment of Fox News on Wednesday, Caleb Silver said that while as many as 20% of the respondents had added bitcoin to their portfolios over the past year, it didn't stop many from fearing a potential bubble pop.

Of those surveyed, 62% believe bitcoin is in bubble territory.

"They are not fearing a bubble in equities, they are not fearing a bubble in SPACs as much as they are fearing one in bitcoin and other cryptocurrencies," said Silver.

Special purpose acquisition companies (SPACs) are listed firms with no operational capacity that are sought by companies – such as eToro this week – seeking to go public and raise capital through so-called back-door listings.

Silver said respondents' concerns were founded on "good reason" because the cryptocurrency market is up substantially higher despite no specific catalyst outside of increased institutional investment.

Bitcoin broke new ground on March 13, rising to an all-time high of around $61,556. The world's largest cryptocurrency by market cap is changing hands for around $58,340 at press time, up 100% year to date.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
What to Watch for in Tether's Upcoming Attestation Report

The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.

The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.

2
Let Terra Die

Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.

Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.

3
Block Sees Bitcoin Disrupting Payments Networks, Expects Self-Custody to Grow

Block executives spoke during the company’s annual investor day on Wednesday.

Block executives spoke during the company’s annual investor day on Wednesday.

4
Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake

The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.

The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.