Poll by UFC’s Askren: Majority Would HODL Bitcoin Over Gold

2019-9-30 21:00

A war has been raging between two cliques in the investment community — the Bitcoin bulls and the gold bugs.

Over the past few years, it has become a popular practice for cryptocurrency proponents to equate or liken Bitcoin to gold, citing the asset’s non-sovereign, decentralized, fungible, borderless, international, and scarce nature.

Related Reading: Data Shows That Bitcoin Price Still in Early Bull Run; Take a Look

Gold bugs have begged to differ. Libertarian Peter Schiff, notably, has proclaimed that unlike gold, BTC has no inherent value, and is thus a massive game of greater fool theory.

Ben Askren, a prominent UFC fighter that has stumbled across the world of cryptocurrencies, recently tried to set the record straight.

Bitcoin vs. Gold, A Poll

In a poll posed to his followers and the rest of the Twitter world on Friday, Askren asked if “someone gives you $10,000 that you can’t touch for 10 years, would you rather have the gift in gold, Bitcoin, or U.S. Treasury bonds?”

The results were relatively surprising.

The poll, which was responded to by over 64,185 people on Twitter, found that a majority would want to put the $10,000 cash gift into BTC, 41% would want to hold gold, and a measly 9% felt it relatively safe to invest in U.S. Treasury bonds.

Someone gives you a $10,000 that you can’t touch for 10 years, would you rather have the 10k gift in

— Ben Askren (@Benaskren) September 27, 2019

While 41% to 50% for gold and Bitcoin, respectively, isn’t a bad showing for both sides, one side came out on top this time around. This side is BTC.

Related Reading: Bitcoin May Erase All of 2019’s Gains and Target $4,000 Next Don’t Hate Gold Bugs

Although this poll is relatively innocuous, it brings up the idea that Bitcoiners and gold bugs have been at odds for years, with the debate materializing in an anti-gold campaign from Grayscale and multiple online and in-person spats. But are these tensions really conducive to the success of hard money?

According to a growing number of members in the Bitcoin community, likely not.

Gabor Gurbacs, one of the masterminds behind the Bitcoin ETF proposal from VanEck Partners, posted the tweet below in August, pitting Bitcoin and gold as clear equals.

I believe in honest money: #bitcoin and #gold.

— Gabor Gurbacs (@gaborgurbacs) August 8, 2019

Max Keiser, a contributor to RT and a prominent investor in the cryptocurrency market, has echoed this line, repeating on the Keiser Report for years that investing in Bitcoin, gold, and silver is all a way to propagate hard money.

And most recently, Samson Mow of Blockstream supported gold, writing that the precious metal helps him explain “Bitcoin to newcomers” and that “there’s too much hating on gold these days”.

Related Reading: Gold Fractal Predicted Bitcoin Distribution, Up Next Is Two Years of Sideways Featured Image from Shutterstock

The post Poll by UFC’s Askren: Majority Would HODL Bitcoin Over Gold appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Golos Gold (GBG) на Currencies.ru

$ 0.0077733 (-2.90%)
Объем 24H $0
Изменеия 24h: -17.51 %, 7d: -17.17 %
Cегодня L: $0.0077733 - H: $0.0095975
Капитализация $99.238k Rank 99999
Доступно / Всего 12.767m GBG

gold bitcoin poll majority ufc askren hodl

Источник: newsbtc.com

gold bitcoin → Результатов: 126


Фото:

Saylor says Bitcoin will ‘eat gold’ in the coming months

MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […] The post Saylor says Bitcoin will ‘eat gold’ in the coming months appeared first on CryptoSlate.

2024-3-12 02:30


Bitcoin Is Replacing Gold At An “Accelerating Pace”

The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.

2021-3-9 19:44


Фото:

CoinShares’ Demirors: The Market Cap of Bitcoin Will Far Exceed That of Gold

‘Bitcoin is the digital gold’ is a narrative that has become quite common. However, according to Coinshares’ Meltem Demirors, Bitcoin is much more than just a digital replacement for gold. Demirors who is the chief strategy officer at the digital asset management firm, CoinShares believes that Bitcoin will soon outdo gold in market cap despite […]

2021-2-15 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

UFC To Pay Fighter Bonuses In Crypto

The UFC has been criticized in the past for the compensation allocated towards it’s talent, who put their all in on one of the most physically enduring sports on the planet. The league can look to counter critics this week, courtesy of their existing partnership with Crypto.

UFC Hall Of Famer Mike Bisping Teams Up With Blockasset For NFT Launch

UFC Hall of Fame inductee Mike Bisping is the latest premier athlete to hop into the NFT space. Bisping will pair up with Blockasset, an NFT marketplace looking to make a strong push in sport. The news comes early as a Bitcoinist exclusive, as Blockasset will announce Bisping’s collaboration over the upcoming weekend. UFC Meets […]