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ethereum sillicon valley

Stefan by Stefan
08/12/2017
in Bitcoin News
Reading Time: 1 min read
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More Institutions Accumulate, bitcoin, dollar, crypto
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A new study has just proven that Bitcoin is not only one of the most progressive currencies in terms of its rise – but also a virtual currency which instills trust among people. In this case, it is the Americans we are talking about, who were subject to new research made by a former Texas Representative Ron Paul.

An online survey conducted on December 6th 2017 showed that the majority of the respondents would choose a cash ‘gift’ in the form of Bitcoin if they could not get hold of it for 10 years. Additionally, about 2% of the respondents opted to receive the gift in US dollars.

The results are certainly raising some eyebrows as we speak. The official tweet by Ron Paul below shows the results in detail.

A wealthy person wants to gift you $10,000. You get to choose in which form you'll take the gift. But there's a catch: You must keep the gift in the form that you choose, and you can't touch it for 10 years.

In which form would you take the gift?

— Ron Paul (@RonPaul) December 5, 2017

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What’s interesting is that from all the 55,900 people who participated in the survey, even 53% claimed that they would opt to accept the money as Bitcoin and only 37% would take it in the form of gold, leaving only 2% who want to receive it in dollars.

Meanwhile, 8% of the respondents would prefer getting the money in a 10-year US Treasury bond. It is safe to say that the support for Bitcoin is growing – and that even gold is not anymore what it once was.

Certainly, this is mainly because of the growth of the Bitcoin and its potential adoption in many industries. As a popular endorser of Bitcoin himself, Ron Paul advised consumers to invest their money in Bitcoin-based retirement investments and told the legislators to refrain from introducing any heavy-handed virtual currency regulations.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: american bitcoinBitcoinbitcoin newsfeatured
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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