Americans and Bitcoin: Survey says...

Written by Posted On Monday, 17 February 2014 06:42

Re-blogged from The Hallmark Abstract Sentinel here.

For those who have been following the Bitcoin saga, the Q&A concerning the viability of this sovereign-currency alternative depends in no small measure on the belief of the general public in its value, reliability and long-term potential as a payment system!

Let's take a look back at two recent articles published here that at first presented Bitcoin as a potential currency for real estate transactions and then, only nine days later, pointed out the fact that owners of Bitcoin were being prevented from withdrawing their funds due to attacks on the websites of two major exchanges.

And as the saying goes a good reputation can take years to establish but it can be destroyed in the space of days!

On February 2, 2014: Bitcoin and real estate transactions! (Video)

'As Bitcoin continues to gain the confidence of the marketplace as a viable and reliable form of money,  it seems destined to move closer to the mainstream of business!'

And on February 11, 2014: Update: Is Bitcoin coming unglued?

'Now, however, turmoil has struck this decentralized non-currency store of value as two major players in the marketplace have put restrictions on the ability of Bitcoin owners to withdraw money from their accounts.'

So what do Americans think about Bitcoin and whether it will be a widely accepted alternative form of payment five years into the future?

From the CFA Institute this chart represents the results of a poll it conducted one week ago asking 1,183 investors the following question:

Will Bitcoin Be a Viable Alternative Currency in Five Years?Bitcoin viability survey

What do you think? Post your opinion in the comments section below. 

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Michael Haltman

Hallmark Abstract Service provides title insurance for both residential and commercial real estate transactions in New York State.

Hallmark Abstract President Michael Haltman is also extremely involved with the combat veterans 501(c)(3) Heroes To Heroes Foundation, serving as the Board Chair.

Hallmark Abstract Service

In 2008 we opened our doors focused on two primary goals:

Number one was to be a title insurance company that would provide clients with a superior finished product that completely protects their interests for what will likely be one of the largest transactions of their lifetime.

Number two was to insure that the experience of working with Hallmark Abstract Service was as easy and seamless as possible for all parties involved in the transaction!

From the number of satisfied clients who come back to Hallmark Abstract Service time after time for their title insurance needs, the evidence bears out that we have accomplished these two goals in the past and will maintain our client centric focus far into the future!

Michael Haltman

Post 1984 MBA in Finance from the State University of New York at Albany that concentrated on the tax-exempt market, Michael became a municipal bond analyst at Shearson/Lehman Brothers tasked with following general obligation issuers on the city and state level as well as housing bonds secured by mortgage pools.

This experience at Shearson/Lehman Brothers followed by stints at PaineWebber and Citigroup provided a broad framework and understanding of the real estate and mortgage markets.

As CEO of Exeter Commercial which underwrote and funded commercial mortgage loans as a correspondent lender, title insurance played a critical role in both the underwriting and closing process.

In 2008 recognizing both an opportunity and need, Hallmark Abstract Service was born.

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