If you were to receive $100,000, how would you choose to retain it for 10 years?

In a recent survey on Twitter, Bitcoin once again outperformed gold, cash, and bonds.

The renowned libertarian Ron Paul, a former U.S. Congressman and presidential candidate, recently conducted an interesting poll on Twitter. The poll asked:

If someone gives you $10,000 but you must keep the $10,000 for 10 years, in what form would you keep the $10,000?

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 4, 2019

With over 77,350 votes cast, Bitcoin emerged as the winner with 59% of the votes. Gold came in second with 32%, while 10-year bonds and cash received 7% and 2% of the votes, respectively.

In reality, cash loses value each year due to inflation. Assuming an average inflation rate of 2.5% over the past decade, and if inflation rates remain constant, $10,000 today would only have a value of $7,760 in ten years.

A 10-year bond with an annual interest rate of 1.8% is still lower than the annual inflation rate. Therefore, even with bond yields calculated annually, a 10-year bond purchased today would only retain a value of $9,400 in ten years.

While the price of gold has risen from around $1,200 to $1,500 in the past year, gold prices tend to be relatively stable in the long term. Over the past four years, gold prices have seen little increase, although this year has been favorable for gold.

According to a report, theoretically, gold should rise due to inflation of fiat currencies, but the supply of gold is not fixed. Furthermore, using gold for daily transactions is nearly impossible, and gold custody mechanisms often involve high fees.

In contrast, Bitcoin can be sent instantly and securely to any place in the world, with fees typically less than $1, and a fixed supply of 21 million coins, unlike gold which has unlimited mining potential.

Therefore, Bitcoin has greater potential in the market compared to gold, as the Bitcoin market is not affected by new supply influxes causing price drops. Additionally, unlike gold, Bitcoin can be sent immediately and securely at low costs to any location.

It seems that the public is also aware of these facts, which might explain why Bitcoin emerged as the winner with 59% of the votes in the poll.

Further Reading

• The People's Bank of China's Digital Currency Research Department Signs Agreement with Huawei
• New Blockchain Tool Expected to Complete Financial Audits in 30 Seconds, Significantly Increasing Efficiency

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