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Most people would choose to invest in Bitcoin over gold, fiat currency, and bonds, according to a survey by Ron Paul which continues on Twitter November 16.
Bitcoin Is Best Future-proof Investment
The former US lawmaker and presidential candidate, well known for his advocacy of the cryptocurrency, has so far yielded responses from over 58,000 people. Almost half of them would want to invest in Bitcoin.
Traditionally much larger than in-person surveys, such as those recently conducted in the UK and Russia which also showed strong popularity for Bitcoin, Twitter polls nonetheless cater to social mediaâs active cryptocurrency community.
Paul added the proviso that an investment must remain untouched until 2028, suggesting faith among respondents over Bitcoinâs longer-term future has not deflated with this yearâs prices.
The survey reads:
A wealthy person gifts you $10,000. You get to choose in which form youâll accept the gift. But thereâs 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?
Bitcoin Criticism Backfires
At press time, 49 percent of 58,131 had voted for Bitcoin 00, followed by 39 percent for gold. Just 2 percent would choose cash US dollars.
Paulâs timing provides a sharp contrast with the cryptocurrency naysayers who continue to pour cold water on the marketâs chances in the midst of this weekâs fresh price downturn.
A speech by the European Central Bank board member BenoĂźt CĆurĂ© Thursday described Bitcoin as an âextremely clever ideaâ but added that âsadly, not every clever idea is a good idea.â
In an ironic twist, a Bitcoin analystâs rebuttal on Twitter garnered more support in the form of likes than the original comment.
At the same time, economist Nouriel Roubini capitalized on BTC/USDâs fall below $5,500, reiterating his belief the pair âbelongsâ at âzero.â
What do you think about Ron Paulâs Bitcoin survey? Let us know in the comments below!
Images courtesy of Shutterstock, Twitter
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