Bitcoin Favored Over Gold as a Long-Term Investment in Former U.S. Congressman Ron Paul’s Twitter Survey
- On the 15th of November, former U.S. Congressman Ron Paul, asked Twitter users in what form they would prefer to receive $10,000 over a period of 10 years.
- A similar survey was conducted by Ran NeuNer, the Founder and CEO Onchain Capital – a crypto investment and advisory business.
On the 15th of November, former U.S. Congressman Ron Paul, asked Twitter users in what form they would prefer to receive $10,000 over a period of 10 years.
A wealthy person gifts you $10,000. You get to choose in which form you’ll accept the gift. But there’s a catch: You must keep the gift in the form that you choose for 10 years without touching it. In which form would you accept the gift?
— Ron Paul (@RonPaul) November 15, 2018
As you can see from the tweet above, a total of 94,894 votes were recorded with 50% picking Bitcoin. This is somewhat surprising considering current market conditions. Analysts at Bloomberg Intelligence even went as far as to say that Bitcoin’s price could tumble down to $1,500.
What is also interesting is that, Congressman Paul already conducted a similar survey last December and the results were very close to the current ones – Bitcoin received just 4% more then, despite the booming market conditions at that time.
A similar survey was conducted by Ran NeuNer, the Founder and CEO Onchain Capital – a crypto investment and advisory business. In his poll however, he focused more on crypto options and included Bitcoin, Ripple, Bitcoin Cash SV, and American Airline Miles.
A wealth person gifts you $10000. You get to choose in which form you accept the gift. But there’s a catch: You must keep the gift in the same form you choose for 10 years without touching it. In which form would you accept the gift?
— Ran NeuNer (@cryptomanran) November 17, 2018
In Ran’s Twitter survey, Ripple was the winner, taking 52% of the total 15,816 votes. This is surely not surprising considering the more recent performance of XRP as it has recovered much better since the market crash caused by the Bitcoin Cash civil war when compared to the rest of the top cryptocurrencies by market cap.
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