CNBC today reported the results of a recent online survey which found that 49% of respondents believe that the price of Bitcoin will eventually top the $10,000 mark. The unscientific online poll ran this week, and received 23,118 responses to the survey question, “Where does Bitcoin go from here?” Respondents were provided with three possible answers:
$6.000 to $8,000
Jamie Dimon is correct, you’ll pay the price for buying.
In addition to the nearly half of respondents who believe that Bitcoin will top the $10,000 mark, another 16% voted for the $6,000 to $8,000 option. The remaining 35% agreed with JPMorgan Chase CEO Jamie Dimon’s stated belief that Bitcoin investors will eventually “pay the price.”
Keen observers will note that online polls are often unreliable representations of broader public sentiment about any given issue. Most professional polling is conducted with an emphasis on achieving a representative sample of the population. Online poll respondents volunteer to participate, and this self-selection can create inherent biases in the results.
Of course, that doesn’t mean that the survey results are totally unreliable. They simply shouldn’t be viewed as an accurate representation of how the broader public feels about Bitcoin’s future.