Ron Paul Betting on Bitcoin, Receives His First Physical BTC Wallet
- WBOYOriginal
- 2024-08-11 06:09:29752browse
Nearly 60 percent of people prefer Bitcoin as a long-term investment over gold or Federal Reserve Notes, according to a survey posted on social media
Nearly 60 percent of people prefer Bitcoin as a long-term investment over gold or Federal Reserve Notes, a survey posted on social media by former U.S. congressman and ex-presidential candidate Ron Paul has found.
On Tuesday, the politician asked his almost 650,000 Twitter followers a question. It was about investments.
“A rich man gives you $10,000. You can choose in any form you accept the gift. But there is a catch: you have to keep the gift in that form for 10 years, without exchanging it. In what form would you accept the gift?”
– such Paul asked a riddle to his followers.
The options he offered were: Federal Reserve Notes, gold, Bitcoin, and 10-year U.S. Treasury bonds. At the time of this writing, nearly 80,000 votes had been cast. The results were positive for the cryptocurrency.
Bitcoins are wanted by 59 percent of people, gold by just 32 percent. Treasury bonds and Federal Reserve notes are at seven percent and two percent, respectively.
What is the reason for these results? It is probably because the dollar is subject to inflation, while Bitcoin has been growing for a decade now.
One Twitter user even wrote that although Bitcoin has been around for about 10 years and is “significantly better as a monetary medium based on its fundamental properties.”
Ron Paul Betting on BTC
This isn’t the first time Paul has mentioned BTC. In July, during an interview on CNBC’s “Squawk Alley,” the former congressman said that cryptocurrencies are “a great idea” and that he supports them and their foundations, i.e. blockchain technology and the very idea behind them.
On the other hand, back in 2014 he expressed his concerns about this market, but from the perspective of scams.
Now the politician has received an additional gift – his first physical BTC wallet. It was given to him by Bobby Lee from the Bitcoin Foundation and the Ballet Crypto project. We wrote about it here.
Charlie Lee, the creator of Litecoin, commented on the matter, saying that all three of them – he, Paul, and Bobby Lee – share certain libertarian ideals:
“We are all #libertarians – (what is important to us is) personal freedom and #freedomofmoney.”
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