74% Think Bitcoin is a Bubble

This is one of those posts where I kind of wish Project Blank was available. I noticed an article and wanted to write a quick post about it without putting a ton of thought into it. Project Blank should be perfect for that.

Anyway, I saw this article in my news feed where they are saying that "3 out of 4 professional investors" think that Bitcoin is a bubble. Not all that surprising when you see that they specifically targeted "professional" investors.

As many of us have mentioned over the past week, many of those professionals are all-together oblivious when it comes to anything related with crypto. They seldom take the time to investigate or learn anything about it. They just shrug it off as a fad or something irrelevant.

When I see a study like this I always like to see what the sample size is if possible. The exact text says 74% of "those who responded". For all we know there could have been a whopping four people they asked. Three said it was a bubble and one said it isn't. That doesn't sound as shocking when you put it in that light does it?

To be fair, you will see the survey was presented to 200 panelists, but there is still no indication that all 200 replied to the survey.

In any event, I see this as just another way the mainstream media and more specifically Bank of America is trying to delegitimize cryptocurrency because they recognize it as a threat to their status quo.

What do you think? Did you see this article? Let's have some discussion in the comments!

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