Bitcoin

Ron Paul asked his followers to rate bitcoin versus gold, dollars and Treasurys — they chose bitcoin

Key Points
  • "You must keep the gift in the form that you choose, and you can't touch it for 10 years," Paul said in a tweet Tuesday.
Ron Paul
T.J. Kirkpatrick | Getty Images

Former Republican congressman has taken to to see where his followers would invest a $10,000 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," Paul said in a tweet Tuesday.

The libertarian's followers were provided with four options: , , and .

Their answer? Bitcoin.

While Paul hasn't been particularly vocal on cryptocurrencies, the former politician has promoted a retirement fund that lets users invest digital tokens including bitcoin and Ethereum into an individual retirement account.

Experts believe more institutional traders could start to warm to bitcoin as derivatives like futures and ETFs (exchange-traded funds)

Bitcoin hit an above $15,000 on Thursday. Its price is 1,000 percent higher than that of per ounce.