55% of those polled by Bloomberg say Bitcoin is in a bubble

In a poll conducted by Bloomberg, 55% of respondents say that Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is in a bubble.

The poll was published on July 16 as part of its Global Poll feature, which covers a range of topics including central banks, trading, global economy, leadership, morality- and bubbles.

On Bitcoin, another 14% Bitcoin is on the verge of a bubble, while only 6% believe a bubble is not forming. 25% were unsure.

Out of the 6 categories polled for bubble-like behavior, Bitcoin had the highest percentage saying it already exists. However, "Internet and social networking stocks" have highest percentage (80%) believing that a bubble is either in progress or on the way. The sector has gained multifold in recent years in a pattern somewhat reminiscent of the dot com bust in 2000, although many point out that this time around, companies are making money.

Only 5% believe the US housing market is in a bubble, much of it still beaten up from the 2008 collapse.

The indication is that respondents' intentions were that a bubble exists in Bitcoin prices, not necessarily in the technology itself. Last fall, Bitcoin prices increased by over 900% in two months, followed by a collapse of over 60%.

In Bloomberg's branding for the bubble topic, the above "I want Bitcoin" image is featured.