Ron Paul’s Twitter followers pick bitcoin over gold

From Kitco:

Despite bitcoin falling below $5,000 on Monday, Ron Paul’s Twitter followers once again chose the popular cryptocurrency over gold in the former Republican Congressman’s annual Twitter poll.

The conditions of the poll remained the same as last year: “A wealthy person gifts you $10,000. You get to choose in which form you’ll accept the gift.”

The catch was — “You must keep the gift in the form that you choose for 10 years without touching it.”

Paul’s Twitter followers had to choose between the Federal Reserve Notes, gold, bitcoin, and the U.S. 10-Year Treasury bonds.

Out of the 94,894 votes cast over the weekend, the clear favorite was once again bitcoin, as 50% of the respondents chose the cryptocurrency over the other options, revealing how resilient they are in light of extreme price volatility this past year.

Last year, bitcoin surprised the market by first surging to nearly $20,000 in December and then dropping around 50% of that value in just a couple of months.

Now, following a few months on little price action, volatility is back, with bitcoin hitting a fresh 13-month low of $4,855 on Monday and last trading at $4,944.90, up 0.49% on the day, according to Kitco’s aggregated charts.

Gold was in the second place this year, with 37% of Paul’s Twitter followers saying that they would prefer the gift in the form of the yellow metal…

Continue reading at Kitco…

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