Survey of Former Congressman Reveals that Most of the Interviewees Prefer Bitcoin Over Gold.
The former congressman from Texas, Ron Paul, conducted a survey in which more than 43,000 social network users participated, said survey showed a favorable result for Bitcoin since 51% would prefer to have this digital currency before gold, the bonus of the treasure of the USA or the American dollar. On 6/12 the survey was carried out via twitter, in it the market preference would be evaluated and consumers in general in several stores of value.
Paul provided four options – Federal Reserve Notes (USD), Gold, Bitcoin, US Treasury Bonds. A 10 years old- to a question that said:
“A wealthy person wants to gift you $10,000. You get to choose in which form you’ll take the gift. But there’s a catch: You must keep the gift in the form that you choose, and you can’t touch it for 10 years. In which form would you take the gift?”
To this question, 21,900 users chose Bitcoin over the US dollar, gold and US treasury bonds as a better reserve of value and safe haven assets. Consumers in general, especially those of the millennium, have begun to move away from the global banking system towards fintech and cryptocurrency applications such as Bitcoin. As fraudulent activities and deceptive operations of financial institutions unravel in the coming years, the value of decentralized financial systems without confidence will rapidly increase.
About Paul Ron
Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the “one exception to the Gang of 535” on Capitol Hill.
Ron Paul was born and raised in Pittsburgh, Pennsylvania. He graduated from Gettysburg College and the Duke University School of Medicine, before proudly serving as a flight surgeon in the U.S. Air Force during the 1960s. He and his wife Carol moved to Texas in 1968, where he began his medical practice in Brazoria County. As a specialist in obstetrics/gynecology, Dr. Paul has delivered more than 4,000 babies! He and Carol, who reside in Lake Jackson, Texas, are the proud parents of five children and have seventeen grandchildren.
While serving in Congress during the late 1970s and early 1980s, Dr. Paul’s limited-government ideals were not popular in Washington. He served on the House Banking committee, where he was a strong advocate for sound monetary policy and an outspoken critic of the Federal Reserve’s inflationary measures. He also was a key member of the Gold Commission, advocating a return to a gold standard for our currency. He was an unwavering advocate of pro-life and pro-family values. Dr. Paul consistently voted to lower or abolish federal taxes, spending, and regulation, and used his House seat to actively promote the return of government to its proper constitutional levels. In 1984, he voluntarily relinquished his House seat and returned to his medical practice.
Dr. Paul returned to Congress in 1997 to represent the 14th Congressional district of Texas. He serves on the House Financial Services Committee, the International Relations committee, and the Joint Economic Committee. On the Financial Services Committee, Rep. Paul serves as the vice-chairman of the Oversight and Investigations subcommittee. He continues to advocate a dramatic reduction in the size of the federal government and a return to constitutional principles.
He has never voted to raise taxes
He has never voted for an unbalanced budget
He has never voted for a federal restriction on gun ownership
He has never voted to raise congressional pay
He has never taken a government-paid junket
He has never voted to increase the power of the executive branch
He voted against the Patriot Act
He voted against regulating the Internet
He voted against the Iraq war
He does not participate in the lucrative congressional pension program.
He returns a portion of his annual congressional office budget to the U.S. treasury every year.
Congressman Paul introduces numerous pieces of substantive legislation each year, probably more than any single member of Congress.
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