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The Defiant 2025-05-14 18:21:55

Americans Turn to Bitcoin as Safe Haven Amid Trump’s Trade War: Report

Americans Turn to Bitcoin as Safe Haven Amid Trump’s Trade War: Report

A growing number of Americans are turning to Bitcoin as a safe haven following market volatility brought on by President Donald Trump’s tariff policies, according to a new study. The research , conducted by NFTEvening in partnership with Storible via Prolific in late April, found that “a remarkable” 68% of the 1,290 Americans surveyed said they purchased Bitcoin (BTC) following Trump’s tariff announcements made earlier this year. According to the report, that figure is 24% higher than the number of respondents who bought gold. Additionally, 72% reported putting more funds towards BTC than gold, while 26% said they entered the crypto market for the first time because of the tariffs. Currently, BTC is trading at $103,500, up 67% over the past year, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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