Coindesk Logo

$10k in Bitcoin for 10 Years? Ron Paul Fans Pick Crypto Over Gold

$10k in Bitcoin for 10 Years? Ron Paul Fans Pick Crypto Over Gold

$10k in Bitcoin for 10 Years? Ron Paul Fans Pick Crypto Over Gold

Ron Paul wants to know: would you take $10,000 in bitcoin, cash or something else?

Ron Paul wants to know: would you take $10,000 in bitcoin, cash or something else?

Ron Paul wants to know: would you take $10,000 in bitcoin, cash or something else?

AccessTimeIconDec 6, 2017, 7:30 PM
Updated Aug 18, 2021, 7:38 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Ron Paul wants to know: would you take $10,000 in bitcoin, cash or something else?

The former U.S. Congressman from Texas is currently holding a poll on his official Twitter account that asks in which form they would take $10,000 from a "wealthy person". The catch: you can't get rid of it for 10 years.

Paul – who earlier this year called for the U.S. government to "stay out" of bitcoin – put the question to his more than 650,000 followers, asking if they would take $10,000 in the form of bitcoin, dollars, gold or 10-year U.S. Treasury Bonds. The result thus far – one hour remains in the poll at press time – indicate that of the more than 68,000 responses, 54 percent expressed support for bitcoin.

Gold took the second-highest amount with 36 percent, followed by a mere 8 percent for the 10-year bonds. Just 2 percent indicated that they would take the Federal Reserve Notes if offered.

In which form would you take the gift?

— Ron Paul (@RonPaul) December 5, 2017

Speaking with TheStreet in October, Paul conceded that he's no expert on cryptocurrencies (back in 2014, he argued that bitcoin wasn't "true money").

That said, he voiced his support for cryptocurrency in the most recent interview, arguing that it lends credence to the emergence of alternative currencies against the U.S. dollar.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.