Poll: Is Bitcoin a Long-Term Alternative to Government-Sponsored Currencies?

In a poll conducted in the CFA Institute Financial NewsBrief, we asked professional investors around the world if they thought the Bitcoin would be a long-term, viable alternative to government-sponsored currencies.

Do you think the Bitcoin, as an independent, digital currency, will remain a viable alternative to government-sponsored currencies around the world for the long term?

Only 17% of the 1,065 respondents said yes. Of course, the core of any monetary system is trust. With so few investors willing to trust the Bitcoin right now, does it have a fatal flaw, or is it just getting started? To better understand the phenomenon of the Bitcoin, read the blog post “Bitcoins: New Gold or Fool’s Gold?” and tell us what you think by adding your comments at the bottom of the blog.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Ron Rimkus, CFA

Ron Rimkus, CFA, is a content director at CFA Institute, where he focuses on economics and alternative investments. Previously, he served as CEO at the online technology company he founded, Chaos Management, Inc. Prior to founding Chaos Management, Rimkus served as director of large-cap equity products for BB&T Asset Management, where he led a team of research analysts, regional portfolio managers, client service specialists, and marketing staff. He also served as a senior vice president and lead portfolio manager of large-cap equity products at Mesirow Financial. Rimkus earned a bachelor of arts holds a BA in economics from Brown University and an MBA from the UCLA Anderson School of Management. Topical Expertise: Alternative Investments · Economics