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Bitcoin's U.S. Surge: 49.6M Americans Prefer It Over Gold, Government and Companies Embrace Crypto

Americans are going for Bitcoin over gold. The U.S. government and companies are on board, driving a surge in mining and ownership.

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2 min read
In this picture, we see the coin in gold and brown color. We see some text written as "The United...
In this picture, we see the coin in gold and brown color. We see some text written as "The United States Of America". It might be a money coin. In the background, it is brown in color and it looks like a carpet.

Bitcoin's U.S. Surge: 49.6M Americans Prefer It Over Gold, Government and Companies Embrace Crypto

Bitcoin's popularity is surging in the United States, with over 49.6 million Americans favoring it over gold. The U.S. government and companies are embracing the cryptocurrency, with MicroStrategy leading the way in corporate Bitcoin holdings. Meanwhile, Bitcoin mining has shifted to the U.S., following China's ban.

MicroStrategy, a U.S. company, tops the list with the largest Bitcoin holdings among the 32 U.S. firms that hold Bitcoin as a treasury asset. The company currently holds 569,000 BTC. U.S. mining companies also contribute significantly, with 96,000 BTC, and other major holders account for 68,000 BTC, totaling 733,000 BTC in the U.S.

The U.S. attracts Bitcoin miners due to its stable regulatory environment, access to deep and liquid capital markets, and abundant energy resources. Since China's ban on Bitcoin mining in 2021, the United States has become the global leader, responsible for 38% of all new Bitcoin mined since then.

Bitcoin ownership in the U.S. is highest among American males aged 31-35 and 41-45, with ownership rates ranging from 3% to 41% within these age groups. The U.S. has 14.3% of its population owning Bitcoin, outpacing Europe, Oceania, and Asia combined. This trend is supported by the government, with 59% of U.S. Senators and 66% of House Representatives openly supporting pro-Bitcoin policies.

The United States holds about 40% of all available Bitcoin globally, with major U.S. companies and the government embracing the cryptocurrency. The U.S. government sees a strategic advantage in being among the first nations to create a strategic Bitcoin reserve, further cementing the country's position as a global leader in the Bitcoin landscape.

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