- Bitcoin received the most support in a social media poll asking where to invest $100,000 until December 2028.
- About 61% of respondents chose Bitcoin, surpassing both Gold and silver despite gold hitting record prices.
- Gold and silver each reached new all-time highs, trading around $4,397 per ounce and $69.43 per ounce, respectively.
- Retail sentiment for Bitcoin remained highly bearish, while conversations about gold and silver were more active and neutral or bullish.
A recent social media poll drew significant attention after asking participants how they would invest a hypothetical $100,000 if required to lock in their investment until December 19, 2028. The options were to allocate the full amount to either Bitcoin, gold, or silver, with no early changes allowed.
According to figures from Peter Schiff’s repost, about 26,000 people voted, with Bitcoin collecting 60.9% of the total, far ahead of gold at 22% and silver at 17.6%. The poll was originally started by real estate investor Grant Cardone, who said he would “never” add silver or gold to his portfolio, stating that they lack the property of scarcity.
Despite these preferences, both gold and silver saw significant price gains. Gold reached a new record high near $4,397 per ounce according to TradingView, while silver hit approximately $69.43 per ounce. Interest in these metals was high, with major exchange-traded funds like the SPDR Gold Share ETF (GLD) and iShares Silver Trust (SLV) trending among investors. Retail sentiment for GLD was described as neutral, while for SLV it was bullish.
Meanwhile, Bitcoin was trading about 30% below its own all-time high, with a market price around $88,800, up slightly over the previous day. Chatter around the cryptocurrency was lower in volume and described as “extremely bearish.”
The surge in precious metal prices was linked to increased central-bank buying and concerns about geopolitical risks. Investors also grew more confident that global interest rates may be approaching their peak, according to statements about upcoming U.S. Federal Reserve actions. However, these central bank operations have not led to significant movement in cryptocurrency markets.
For further details about the social media poll, see the original post by Peter Schiff and the poll by Grant Cardone.
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