Last week, bitcoin dropped down to the lowest of the year while the overall market also faced red. Many experts and enthusiasts suggested that after experiencing this low, bitcoin would be regaining its value. David Gokhshtein, crypto enthusiast, member of Forbes finance council, also expressed his prediction regarding the bitcoin through in a tweet.
He was bullish on bitcoin shooting up from its current low. On enquiring, if now was the best time to purchase bitcoin, David told BlockPublisher about the prospects of buying it in the present time. He said:
I believe in Cryptocurrency and I believe in Bitcoin being King. This is the perfect time for me personally to get in.
Besides David, many other people also prefer to invest in the bitcoin. This fact became evident when former U.S congressman, Ron Paul, involved the take of other people on the matter through a twitter poll.
In the poll, Ron gave people a scenario where they were awarded $10,000 worth gift that is to be kept untouched for at least 10 years. He then gave four options related to the types of available gifts of $10,000 worth. The options included bitcoin, gold, federal reserve notes and treasury bonds. Out of almost 95,000 voters, 50 percent people voted to opt for bitcoin gift in the given scenario.
Like Ron, Ran NeuNer, founder of crypto investment and advisory business Onchain Capital, also conducted a poll through twitter. He repeated Ron’s question in his twitter poll but modified the options.
His options included bitcoin, XRP, BCH SV and American Airlines Miles. This time with the modified options, results were different, After the participation of about 16,000 people, the results showed that around 52 percent showed interest in XRP while 39 percent expected bitcoin having a substantial future.
As the overall market is facing low, David characterizes the current time as ideal for the crypto investment. Meanwhile, the surveys of Ron and Ran show that particularly investing in bitcoin is looked forward by many people. Ran’s survey shows that between XRP and bitcoin, the majority supported XRP.