A new study shows that 68% of Americans turned to bitcoin following US President Donald Trump’s announcement of reciprocal tariffs, surpassing gold buyers by nearly 24%. The survey of 1,290 participants revealed that over 71% allocated more funds to bitcoin than to gold in the wake of the trade measures.
Despite bitcoin initially dipping alongside global markets to just over $75,000 on April 7, interest in the cryptocurrency surged as investors sought alternative safe havens. The report highlighted that 26% of respondents purchased bitcoin for the first time specifically due to the tariffs.
Also Read: Bitcoin Falls Below $82,000 Amidst Trump’s Trade War
Furthermore, nearly 76% of participants view bitcoin as a legitimate safe haven, indicating rising confidence in its long-term stability. The proposed Bitcoin Reserve by the Trump administration has also boosted sentiment, with over 81% saying they would increase holdings if the bill passes.
The study underscored that about 75% of Americans believe political decisions and policies will play a significant role in bitcoin’s price movements going forward.
