More Americans Now Hold Bitcoin Than Gold, Report Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Americans may be leaning towards Bitcoin over gold, according to a report by Bitcoin investment firm River.
River boiled down the U.S.'s Bitcoin leanings to access and culture.
The U.S. leads on several other key Bitcoin metrics.
A generational shift may be occurring in how Americans preserve their wealth. In recent years, several Bitcoin proponents have dubbed the asset 'digital gold,' arguing that it has the qualities to become an even better inflation and currency debasement hedge than the physical precious metal. While Bitcoin has yet to trade like a safe haven asset, Americans may be front-running the narrative, according to one recent report.
According to a report by Bitcoin investment firm River on Tuesday, more Americans now hold Bitcoin than gold. The report said that 50 million Americans hold the leading cryptocurrency compared to about 37 million who hold the precious metal, citing data from Bitcoin education-focused entity The Nakamoto Project and Gold IRA Guide.
Don't Miss:
— no wallets, just price speculation and free paper trading to practice different strategies.
Grow your IRA or 401(k) with Crypto – .
'America's story began with sound money. Hard-working Americans saved their wealth in gold-backed money. Today, Bitcoin carries that torch forward,' River said, sharing the data on X.
River confirmed to Benzinga that the data on American Bitcoin ownership was based on a Q3 2024 study by The Nakamoto Project. The firm also said the findings aligned with new data from The Nakamoto Project that it was privy to. The Nakamoto Project teased a 2025 Bitcoin adoption report on Monday.
The old study surveyed 3,538 adults across several demographics, finding that most American Bitcoin owners were young males. The yet-to-be-released 2025 report surveyed 3,345 respondents, The Nakamoto Project said on Monday. A teaser from the new report suggests that four in five Americans want some U.S. gold reserves converted to Bitcoin, with younger respondents wanting as much as 30% of the reserves converted.
Trending: New to crypto? on Coinbase.
This finding is significant as the Trump administration is exploring 'budget-neutral' strategies to fund the U.S.'s Bitcoin reserve. Among the most popular ideas that have been floated is revaluation of the nation's gold certificates. The U.S. holds 8,133 tons of gold that were valued at $42 per ounce in 1973. The country could theoretically unlock fresh liquidity by revaluating this stash at current rates of about $3,300 per ounce. But there are concerns that such a move could impact confidence in the dollar and the stability of the gold market.
River in its report boiled down the U.S.'s Bitcoin leanings to access and culture, citing favorable regulatory conditions, little barrier to entry and the idealization of individual investing and financial freedom.
Beyond the number of Americans holding Bitcoin, River reported that 40% of the cryptocurrency's supply is owned by Americans, the most of any country. The firm also said the U.S. had 94.8% of the market share of corporate Bitcoin holdings, 65.3% of the share of nation-state holdings, 70% of the share of venture funding, 79.2% of the share of Bitcoin ETFs and 36% of the share of the global hash rate.
'Americans are uniquely positioned to further their economic success and global leadership by embracing their current advantage in Bitcoin adoption,' River said.
Read Next:
A must-have for all crypto enthusiasts: .
Hasbro, MGM, and Skechers trust this AI marketing firm —
Image: Shutterstock
Send To MSN: 0
This article More Americans Now Hold Bitcoin Than Gold, Report Says originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
30 minutes ago
- Associated Press
Despite the 'constant noise' surrounding Aaron Rodgers, Mason Rudolph happy to be back in Pittsburgh
PITTSBURGH (AP) — Mason Rudolph has been in the NFL for more than half a decade now. And like any quarterback that has figured out a way to stick around, he's gotten pretty good at guessing where the pressure might be coming during a given play. During the Pittsburgh Steelers' first workout of voluntary organized team activities, that pressure didn't come from any of the yellow-clad defenders on the practice field, but from someone who wasn't there. Yes, Rudolph is well aware of Pittsburgh's very public courtship of Aaron Rodgers. It took all of 90 seconds for Rudolph to be asked about Rodgers on Tuesday. Rudolph just shrugged his shoulders. He's been here before. Many, many times during the roller coaster that was his first stint with the Steelers from 2018-23, when he evolved from perennial backup to afterthought to unlikely season-saver. 'That's nothing new to me,' Rudolph said Tuesday. 'There's been constant noise. That is the nature of the NFL. So I have been used to that for a long time now. (I can) do nothing but be the best I can be and help our team get better this spring.' The well-liked Rudolph returned to Pittsburgh on a two-year deal in March after an uneven season in Tennessee. At the time, Rudolph was one of two quarterbacks on the roster as Justin Fields left for the New York Jets and the Steelers opted not to bring back Russell Wilson. Pittsburgh has since taken a flyer on former Ohio State star Will Howard in the draft, all the while ostensibly keeping one seat open in the quarterback room for Rodgers, who visited the team facility in early spring but left without signing a deal that still is on the table. The 41-year-old has remained publicly non-committal, though he said on Joe Rogan's podcast last week that there are people close to him who are currently battling cancer. Until Rodgers makes a decision, his status figures to dominate the conversation surrounding a team that has undergone significant roster changes elsewhere since getting drilled at Baltimore in the opening round of the playoffs. All of it — including acquiring two-time Pro Bowl wide receiver DK Metcalf, who was not on the field Tuesday but has been a regular at the team facility in recent weeks — will remain in the background until there's some finality about Rodgers. It makes for a challenging work environment, though one that Rudolph might be uniquely qualified to navigate. The Steelers drafted him in 2018, only to have veteran Ben Roethlisberger keep him at arm's length. Rudolph got an extended look in 2019 when Roethlisberger was injured, only to be benched for undrafted rookie free agent Devlin 'Duck' Hodges. The former Oklahoma State star was promised a chance to compete for the starting job in 2022 after Roethlisberger retired, only to serve as the third wheel behind Mitch Trubisky and Kenny Pickett. Rudolph, however, remained undaunted. He authored an improbable success story in 2023 when he came off the bench late in the season to bring Pittsburgh's moribund offense to life and lead the Steelers to the playoffs. His reward at the time? Nothing. Pittsburgh didn't make an effort to keep him, opting to sign Wilson and trade for Fields instead. Rudolph spent 2024 in Tennessee, where he went 1-4 as a starter. Yet when the Steelers approached him about a two-year deal just after free agency began, Rudolph didn't hesitate to return. 'It's obviously good to be wanted,' said Rudolph, who called Pittsburgh 'a special place.' Though OTAs are voluntary, Rudolph had no plans to miss a snap while trying to familiarize himself with offensive coordinator Arthur Smith's system and reconnecting with old friends such as tight end Pat Freiermuth. 'He's a smart football player, smart quarterback,' Freiermuth said. 'So he's picking up the system and running with it. So it's been great to work with him and have him ask me some questions about the offense and what Art's thinking.' The Steelers have not given Rodgers a firm deadline, though coach Mike Tomlin said earlier this spring that he'd like to have his roster set by the time training camp opens in late July. While there is an informal nature to OTAs, Freiermuth called the time spent together 'very important' from a team development standpoint. Longtime defensive captain Cam Heyward isn't so sure, pointing out that he skipped all of OTAs last year and ended up making the All-Pro team for the fourth time. 'I think any player, you know what you need,' Heyward said. 'You know what's required of you as you progress toward training camp.' For Rodgers, that might be focusing on the people closest to him. For Rudolph, it means soaking in every opportunity he's given. Maybe he's a placeholder for Rodgers. Maybe he's the starter in Week 1. A year ago, the idea he'd one day return to Pittsburgh seemed remote. And yet here he is, wearing his familiar No. 2 while being in a very familiar position: an option. Maybe not the top option, but one nonetheless. 'I've got a lot of great friends and teammates here, a lot a comfortability with Mike T and the staff,' Rudolph said. 'Who wouldn't want to be a part of this team and this offense?' ___ AP NFL:
CNET
33 minutes ago
- CNET
I Wear My Beats Studio Pro Headphones at Least 4 Hours a Day -- and They're Finally on Sale
It all started when my beloved Apple AirPods just stopped working one day. No matter what I did, attempting to charge and revive them, they simply would not turn on, and I had to finally accept that they had a good run and it was time to put them to rest. RIP. That put me in a tricky predicament, though. I use headphones at least four to five hours a day, and I desperately needed new ones immediately. I knew I was due for an upgrade, but the AirPods weren't on sale at the time. But coincidentally, the Beats Studio Pro were. I didn't expect to fall in love with a pair of headphones so quickly, especially because I loved my Apple buds so much. I was just hoping for solid noise cancellation and good sound quality, but the Beats delivered so much more -- and now they're an essential part of my daily routine, practically an extension of my ears. Like I said, I get a lot of mileage out of them every single day. Whether I'm writing, commuting, doing chores or taking my precious pup out for a walk, the Beats Studio Pro are there with me. And now, most colors are a solid 43% off right now on Amazon in this holdover Memorial Day deal. If you've been eyeing a pair or looking for a thoughtful gift, now's the time to grab them. Let me explain why. For more Memorial Day deals that are still live, explore our roundup of all the current sales and these top Memorial Day mattress deals. Hey, did you know? CNET Deals texts are free, easy and save you money. Here's how the Beats Studio Pro work Let's start with the specs. The Beats Studio Pro are premium over-ear headphones that bring serious upgrades to the iconic Beats design. Think of these as the grown-up, more refined cousin of the Beats Solo series. They're still stylish, still punchy, but with significantly better sound quality and comfort. Here are some key features of the Beats Studio Pro: Macy Meyer/CNET Active Noise Cancellation and Transparency Mode : Two core features that let you tune out the world or stay aware, depending on your mood. The ANC is excellent, especially for this price, and it's great for navigating travel, open offices or city streets. and : Two core features that let you tune out the world or stay aware, depending on your mood. The ANC is excellent, especially for this price, and it's great for navigating travel, open offices or city streets. USB-C Lossless Audio : A game-changer for audiophiles. With USB-C, you can listen to lossless audio directly from your device -- no compression, just crystal-clear sound. : A game-changer for audiophiles. With USB-C, you can listen to lossless audio directly from your device -- no compression, just crystal-clear sound. Spatial Audio with dynamic head tracking: This creates an immersive, surround-sound-like experience. with dynamic head tracking: This creates an immersive, surround-sound-like experience. Custom 40mm drivers : Deliver balanced sound, with punchy bass, crisp mids and smooth highs. : Deliver balanced sound, with punchy bass, crisp mids and smooth highs. Battery : Up to 40 hours with ANC off or 24 hours with it turned on. That's more than enough to get you through several workdays or even a full international flight without scrambling for a charger. : Up to 40 hours with ANC off or 24 hours with it turned on. That's more than enough to get you through several workdays or even a full international flight without scrambling for a charger. Built-in microphones and voice-targeting beamforming tech: Translation: your voice will sound clear on calls, even in a noisy space. They also pair effortlessly with both Apple and Android devices, thanks to support for Find My, Google Fast Pair and one-touch pairing. CNET audio expert David Carnoy closely reviewed these earphones and found both the sound quality and voice-calling performance impressive. "The noise canceling is quite effective," Carnoy wrote in his review. "It's the adaptive variety, so it's not a fixed setting, and occasionally I'd hear it shift in strength as it adjusted to the ambient noise around me, whether I was on the subway or walking the streets of New York." Why I'm obsessed with my Beats There are plenty of great headphones out there. So what sets these apart for me? First and foremost, I love the comfort. I've worn lots of over-ear headphones that start to ache or feel heavy after an hour or so. I also have several ear piercings -- five in my left ear and three in my right -- and that means many over-ear headphones push the earring into my skin, digging in until it's quite painful. Not these. The earcups are plush, the clamping force is just right, and the memory foam actually makes a difference. I can wear them for hours without fatigue, which is saying something when you log four to five hours a day in them. The sound quality is also great. Beats used to have a reputation for overly bass-heavy tuning, but the Studio Pro strikes a beautiful balance. There's still that satisfying low-end thump when I'm listening to pop, hip hop or K-pop, but it doesn't overpower the vocals or mids. Whether I'm streaming Hozier for the umpteenth hour, catching up on podcasts or listening to a new audiobook, everything sounds great. Finally, the ANC and Transparency Mode are shockingly good. I've used my Beats in loud coffeeshops, on airplanes and while vacuuming, and they efficiently block out noise like a champ. But when I need to hear what's going on (like when I run into one of my neighbors while I'm walking my dog), a quick button press switches me into Transparency Mode, and I can hear them clearly. It's seamless. I would also be remiss if I didn't mention their style. Frankly, they just look cool. I know that's not the most important thing, but the sleek matte finish, the minimalist design and the range of colors make these headphones feel like a fashion accessory as much as a tech device. I have the "Earth" color headphones, and they look so gorgeous with any outfit. My one request, though, (Beats execs, I'm sure you're reading this!) would be to make these in a sage green color. Pretty please? They'd make a great gift for any audiophile Buying tech for someone else can be tricky, but I think the Beats Studio Pro are a pretty safe bet for anyone for a few reasons. For one, they work across platforms, so it doesn't matter if your gift recipient is team iPhone or Android. The intuitive pairing process, native device integration and wide compatibility make these user-friendly for just about anyone. They're also great for all types of use cases. Daily commuters? Check. Frequent flyers? Definitely. College students pulling all-nighters, or music lovers who want to hear every nuance of a track? Absolutely. These can suit really any type of person, day in and day out. The Beats just feel premium, too. This is the kind of gift someone might not splurge on for themselves, but they would certainly be grateful to open up these Beats, no matter the occasion. If you're shopping for graduation season, Father's Day or a summer birthday, these are a hit waiting to happen. Why this Beats deal matters Let's get down to numbers. The Beats Studio Pro normally retail for $350 or $450, depending on the color you select. That's pretty pricey. But right now, most colors are 43% off, bringing the price down to about $199. (The matte white ones are even down to $170.) That's some of the lowest prices I've seen, and I keep a pretty close eye on tech deals. Sales like this don't come around often, especially on newer, high-demand models, so when they do, it's worth jumping on. Considering the quality, durability and features packed into these headphones, $199 is honestly a steal. You're getting flagship-level ANC, excellent sound and cross-platform support for less than the cost of most premium earbuds. My final thoughts on my Beats Studio Pro headphones In a world full of flashy gadgets and fleeting trends, the Beats Studio Pro are the real deal. They've become an essential part of my everyday life, not because they're trendy or hyped, but because they work. They're reliable, comfortable and sound fantastic. And now that they're seeing a deep discount, it's a great time to pull the trigger and buy them.
Bloomberg
34 minutes ago
- Bloomberg
UK Envoy Urges Transatlantic Tech Alliance, Cites China Threat
The US and its allies across the Atlantic must forge a technology partnership and win the artificial intelligence race even as China makes steady advances, the UK's envoy in Washington said. Ambassador Peter Mandelson warned of the consequences if China continues to get ahead in AI and other key technologies.
