- Peter Schiff resulted in more people believe that prices of Gold will hit $3k before Bitcoin does.
- The poll asked the people to choose between two options that were Gold and Bitcoin.
- The poll resulted in the Bitcoin getting 30.8 percent and Gold 69.2 percent. Over twelve thousand people answered the poll.
In a poll started, Peter Schiff resulted in more people believe that prices of Gold will hit $3k before Bitcoin does. The CEO of Euro Pacific Capital, europac.com and Chairman of Schiffgold.com and also the host Peter Schiff show, Peter Schiff, had posted a poll on his twitter handle.
The poll asked the people to choose between two options that were Gold and Bitcoin, and the question asked them their opinion on which commodity will hit the $3K price before the other.
Almost 13,000 people who believe that both gold and Bitcoin are headed to $3,000 voted in my poll. 69.2% think gold will hit 3K before Bitcoin does, while 30.8% believe Bitcoin will hit 3K first. Personally I believe Bitcoin will win the race. https://t.co/dpzBdFD6Uy
— Peter Schiff (@PeterSchiff) February 22, 2020
The poll resulted in the Bitcoin getting 30.8 percent and Gold 69.2 percent. Over twelve thousand people answered the poll. It was pretty interesting to see this response as it shows that people still have a lot of trust in Gold, and since they have a lot of trust in it, they might even consider investing in it more than Bitcoin.
The Bitcoin price drop and then the surge in prices of Bitcoin also hasn’t revived the trust of the investors in it, and most of the people, whilst keeping into consideration the poll results, still seem to trust Gold even though it is a pretty old way to invest.
Bitcoin is now the future as cryptocurrencies are getting popular day by day, and the face of all Cryptocurrencies is still Bitcoin.
But Crypto, even if it seems like a path full of roses, also has thorns. This means that knowledge about Bitcoin and other cryptos is still less, and people don’t trust the cryptocurrencies a lot.
The legal bodies in some states in the United States have also come up with bills that will put cryptos under surveillance, but some countries like India have completely banned the cryptos. Such moves have had a serious effect on how much the people trust cryptos and explain why more people chose Gold as the better alternative.