A report reveals that US investors now own more Bitcoin than gold, marking a momentous change in the financial landscape. US dominance in crypto is growing thanks to favourable policies and institutional adoption.
A recent report by Bitcoin investment firm, River, reveals a momentous shift in Americans' financial habits: the number of Bitcoin holders in the US has reached 50 million, surpassing the 37 million of gold investors.
This milestone underscores Bitcoin's growing importance as a reserve asset, while showing its deepening entrenchment in US economic systems.
The May report released by River highlights how the US is at the forefront of global Bitcoin adoption. US companies hold 94.8% of Bitcoin in the hands of publicly traded companies globally, and 40% of global Bitcoin-related companies are based in the US.
The combination of startups,ETF and favourable government policies has solidified the US's position as a driving force in the cryptocurrency industry.
With an estimated $790 billion in Bitcoin ownership, Americans are using the cryptocurrency for purposes beyond just investing. American economic power is increasingly relying on Bitcoin as an "undervalued pillar" that is significantly integrated into national economic strategies and financial frameworks.
Growing confidence in Bitcoin stems from its ability to be stored and transferred digitally fluidly, qualities reinforced by political discussions about a possible U.S. strategic reserve of Bitcoin.
Bitcoin is driving a profound revaluation of traditional safe haven assets, competing directly with gold and sometimes outperforming it during economic uncertainties.
The recent declassification of the US credit rating by Moody's, after a century of top ratings, has further strengthened Bitcoin's position as a shelter asset in times of fiscal instability. The perceived resilience of Bitcoin, coupled with the support of large financial firms such as BlackRock and clearer regulations, solidifies its role in the American financial system.
The rapidity of this transition requires a careful evaluation of numerous factors. Although Bitcoin is gaining recognition as a safe haven asset, many investors remain cautious due to its inherent volatility.
The overall trend, however, clearly shows that Americans are transforming their investment strategies, while Bitcoin is establishing itself as a key element of the financial evolution.
Jeff Walton and Michael Saylor predict that Strategy, the world's largest holder of corporate Bitcoin, will become the world's most publicly traded company.
A recent report by Bitcoin investment firm, River, reveals a momentous shift in Americans' financial habits: the number of Bitcoin holders in the US has reached 50 million, surpassing the 37 million of gold investors.
This milestone underscores Bitcoin's growing importance as a reserve asset, while showing its deepening entrenchment in US economic systems.
The May report released by River highlights how the US is at the forefront of global Bitcoin adoption. US companies hold 94.8% of Bitcoin in the hands of publicly traded companies globally, and 40% of global Bitcoin-related companies are based in the US.
The combination of startups,ETF and favourable government policies has solidified the US's position as a driving force in the cryptocurrency industry.
With an estimated $790 billion in Bitcoin ownership, Americans are using the cryptocurrency for purposes beyond just investing. American economic power is increasingly relying on Bitcoin as an "undervalued pillar" that is significantly integrated into national economic strategies and financial frameworks.
Growing confidence in Bitcoin stems from its ability to be stored and transferred digitally fluidly, qualities reinforced by political discussions about a possible U.S. strategic reserve of Bitcoin.
Bitcoin is driving a profound revaluation of traditional safe haven assets, competing directly with gold and sometimes outperforming it during economic uncertainties.
The recent declassification of the US credit rating by Moody's, after a century of top ratings, has further strengthened Bitcoin's position as a shelter asset in times of fiscal instability.
The perceived resilience of Bitcoin, coupled with the support of large financial firms such as BlackRock and clearer regulations, solidifies its role in the American financial system.
The rapidity of this transition requires a careful evaluation of numerous factors. Although Bitcoin is gaining recognition as a safe haven asset, many investors remain cautious due to its inherent volatility.
The overall trend, however, clearly shows that Americans are transforming their investment strategies, while Bitcoin is establishing itself as a key element of the financial evolution.
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