Ron Paul survey: Bitcoin’s most popular 10-year investment

Ron Paul, a retired American politician and former US presidential candidate, is well known for taking a stand on controversial issues such as arms reform and marijuana consumption outside of established politicians and has written a book that is consistent with the philosophy of many Bitcoiners: “End the Fed”. Accordingly, Paul Bitcoin has mentioned Bitcoin several times in a positive context.

In recent days, Ron Paul asked his followers via Twitter how they would invest $10,000 if a wealthy person gave this amount for a 10-year investment: Would you invest the gift in Federal Reserve Notes, Gold, Bitcoin or US 10-year Treasury Bonds?

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

With almost 95,000 votes (at the time of writing) 50% of the respondents answered with Bitcoin, only 37% with gold, 11% with 10-year US bonds and 2% with Fed reserve notes. While some of them were surprised by the results, crypto enthusiasts are convinced that the survey shows once again what monumental support Bitcoin has and that crypto currencies “have come to stay”, as a number of industry experts previously explained.

Paul’s timing contrasts sharply with the current market trend, and even in the midst of last week’s price decline, half of all participants opted for Bitcoin.

This is not the first time Paul has created such a survey. Already at the beginning of December 2017, when BTC was about to reach its all-time high, Paul asked exactly the same question. At that time, 54% of respondents decided in favour of Bitcoin. In spite of the continuing bear market, the majority therefore stands by Bitcoin. This is undoubtedly a positive sign for Bitcoin’s long-term perspective.

This vote also comes a few weeks after Paul published a settlement with the Federal Reserve. In the column in which the politician described the Fed as “crazy”, Paul explained that the centralized banking system creates income inequality, inflation and a number of other issues that the Bitcoiners hate. To counter these injustices, he suggested investing in Bitcoin and precious metals such as gold and silver.