Few finance executives are planning to invest in bitcoins as a corporate asset this year, according to a Gartner Inc. survey.
The February survey of 77 finance executives, including 50 CFOs, showed that only 5 percent of respondents plan to hold the world's largest digital token on their company books this year. In fact, 84 percent of respondents said they do not plan on ever purchasing the coin as an asset.
Volatility was cited as the biggest reason, with 84 percent of respondents saying the digital token's well-documented price swings would pose a financial risk to their organization. Other concerns included a broader risk aversion, the digital currency's slow adoption as an accepted form of payment, regulatory concerns, and cyber risks.
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