Most of the people prefer investing in Bitcoin as a 10-year investment, a new survey by the ex-Texas Congressman named Ron Paul shows. The Bitcoin news also show that almost 60% of the 70,000 participants in the survey said that they would take Bitcoin (BTC) over fiat currency as a long-term investment.
Ron Paul is known for his proactive position towards cryptocurrencies. In the latest survey, he asked his Twitter followers and other users about their investment preferences and general outlook on $10,000 invested in Bitcoin (BTC) – which was delivered as a lump sum, assumed that it is untouchable for ten 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?,” he asked.
The results show that more than 67,000 responses are from people who want to secure their Bitcoin as a 10-year investment and “don’t touch” the money before ten years pass. At the same time, Bitcoin outperforms gold and 10 year US Treasury Bonds as well as Federal Reserve notes.
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 4, 2019
Speaking of, the second most popular option is gold with more than 33% of the people wanting to invest in it – while fiat currency in the form of US dollar banknotes is trailing on just 2%. The results are even more complimentary for Bitcoin (BTC) compared to the last Ron Paul 2018 survey which showed that 49% would like to invest in BTC for a ten year lifespan.
As Bitcoin passes its eleventh birthday, the dominant cryptocurrency is more and more popular. Ron Paul, on the other hand, has a strong advocacy and has recently received his first physical Bitcoin wallet as a courtesy of Bobby Lee, the ex-CEO of the cryptocurrency exchange BTCC.
The survey also underscores the growing interest in alternative forms of money during times of geopolitical uncertainty. However, along with new interest also come new questions about the user protection of cryptocurrency. This is the only challenge that needs to be faced before widespread adoption, analysts note.
Currently, Bitcoin (BTC) is trading at $9,339 with a positive increase on the day and now nearing the $9,400 mark.
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