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Bitcoin down but not out: 50% of people would choose digital as a long-term investment

While Big-Dog Bitcoin might no be holding up well in the market, a recent poll shows that it is still an enticing idea of long-term holding equity.

Written by Becky Leighton Published on

Ron Paul, a former Congressman of the United States posed to Twitter a question of which tender they might choose as a long-term investment. The question was posed as a poll with options of which a person might choose to invest $1,000 USD for ten years. The users could choose Federal Reserve Notes (US dollars), US 10 year treasury bonds, Bitcoin or gold.

According to the results, it seems that the digital tender beats physical assets hands down. Bitcoin received 50% of the votes, with gold in second taking 37%. Only 11% of the voters would opt for US treasury bonds and the US dollar trailed in with only 2% of the votes.

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?

Although the poll was posted around the same time that the price of Bitcoin plummeted downwards, Bitcoin still came out on top. This could spell a positive set of results for the cryptocurrency industry, especially in a time where any positivity is needed.

CNBC’s Cryptotrader Ran Neuner also chipped in, claiming that Ripple’s XRP would excel if it was included in the poll. To prove his theory, Neuner ran his own poll which pitted Bitcoin, Ripple, Bitcoin Cash SV and American Airline Miles against each other. The results are as follows:

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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