{"id":1537327,"date":"2025-05-21T15:10:00","date_gmt":"2025-05-21T19:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1537327"},"modified":"2025-05-21T15:10:00","modified_gmt":"2025-05-21T19:10:00","slug":"bitcoin-surges-to-new-record-high-trumping-gold-since-election","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/bitcoin-surges-to-new-record-high-trumping-gold-since-election\/1537327\/","title":{"rendered":"Bitcoin Surges To New Record High, ‘Trumping’ Gold Since Election"},"content":{"rendered":"

Bitcoin Surges To New Record High, ‘Trumping’ Gold Since Election<\/span><\/p>\n

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Bitcoin just surge to a new record high, $109,500, extending its recent post-pause recovery and up over 60% since President Trump was elected…<\/p>\n

<\/a><\/p>\n

BTC ETF inflows continue <\/strong>to build…<\/p>\n

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…and we suspect there is more to come,<\/strong> if the recent surge in global liquidity is anything to go by…<\/p>\n

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The aggregate open interest in Bitcoin futures surged to a record high <\/strong>on May 20, raising questions about whether bearish positions are now at risk.<\/p>\n

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Since Trump’s Liberation Day (and now amid the ‘One Big Beautiful Bill’), while gold has rallied solidly, Bitcoin appears to have been the preferred position for global uncertainty (after testing down to pre-election levels)…<\/p>\n

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As Bitcoin Magazine’s Oscar Zarraga Perez reports<\/a>, a new\u00a0report<\/a>\u00a0from River reveals that the United States dominates Bitcoin ownership globally,<\/strong> holding about 40% of all available Bitcoin.\u00a0<\/p>\n

With 14.3% of its population owning Bitcoin, the U.S. outpaces Europe, Oceania, and Asia combined.<\/p>\n

Corporate America also leads in\u00a0Bitcoin<\/a>\u00a0holdings. <\/strong>Thirty-two U.S. public companies, with a combined market cap of $1.26 trillion, hold Bitcoin as a treasury asset. These firms account for 94.8% of all Bitcoin owned by publicly traded companies worldwide. Major holders include Strategy with 569,000 BTC, U.S. mining companies with 96,000 BTC, and others with 68,000 BTC, totaling 733,000 BTC in the U.S., compared to 40,000 BTC held elsewhere.<\/p>\n

Since\u00a0China\u2019s ban on Bitcoin<\/a>\u00a0mining in 2021, the United States has become the global leader in Bitcoin mining, responsible for 38% of all new Bitcoin mined since then. The U.S. attracts miners thanks to its stable regulatory environment, access to deep and liquid capital markets, and abundant energy resources. These advantages have helped the U.S. increase its share of the global Bitcoin mining hashrate by over 500% since 2020, solidifying its position as the center of the industry.<\/p>\n

Bitcoin is also emerging as America\u2019s preferred reserve asset, overtaking gold.<\/strong> Over 49.6 million Americans are in favor of holding Bitcoin, compared to 36.7 million who still prefer gold.<\/p>\n

<\/a><\/p>\n

The US government\u2019s bitcoin advantage is greater than that of gold, where the US accounts for just 29.9% of the world\u2019s central bank gold reserves.\u00a0<\/strong><\/p>\n

\u201cBecause there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve,\u201d said the White House on March 7, 2025.<\/em><\/p>\n

Politically, support for Bitcoin is gaining significant momentum across the U.S. government. As of now, 59% of U.S. Senators and 66% of House Representatives openly support pro-Bitcoin policies<\/strong>, signaling a notable shift in political attitudes and greater acceptance of digital assets as key components of America\u2019s economic future.<\/p>\n

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The study highlights that Bitcoin ownership is highest among American males aged 31-35 and 41-45, with ownership rates ranging from 3% to 41% within these age groups.\u00a0<\/strong><\/p>\n

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Politically, those identifying as \u201cvery liberal\u201d or \u201cneutral\u201d are more likely to own Bitcoin than conservatives, though conservatives still make up a significant portion of holders.<\/p>\n

Finally, as we detailed yesterday, <\/a>global sovereigns have been ‘quietly’ gathering exposure<\/strong> to the cryptocurrency with StanChart’s Geoff Kendrick targeting $500k by the end of Trump’s term in office for the largest cryptro currency.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 05\/21\/2025 – 11:10<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/bitcoin-surges-new-record-high<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Surges To New Record High, ‘Trumping’ Gold Since Election Bitcoin just surge to a new record high, $109,500, extending its recent post-pause recovery and…<\/p>\n","protected":false},"author":0,"featured_media":1537328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1537327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1537327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1537327"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1537327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1537328"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1537327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1537327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1537327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}