A new study conducted by ChainPlay and Storible reveals that a growing number of Americans prefer Bitcoin over gold. The study found that over 68% of Americans now own some form of cryptocurrency, with 77% considering increasing their crypto investment in 2025. Additionally, 60% of crypto investors believe that the value of their assets will double by 2025. The survey also showed that 50% of crypto owners are boomers, nearly 30% are millennials, and the remaining are Gen Z. The study suggests that crypto owners are getting younger, although it does not provide a reference point for comparison. The report also noted that Trump's victory in the 2024 election had a significant impact on people's interest in cryptocurrencies, with 38% of respondents deciding to invest in crypto following the outcome. Furthermore, the report highlights three main points regarding Bitcoin investment insights: 51% of Americans allocate over 30% of their assets in meme coins, one-fifth of Americans allocate over 30% of their investment in crypto, and nearly 52% of responders admitted to selling gold or stocks to invest in Bitcoin. The study indicates a shift in people's perception of Bitcoin as an investment, with many believing it to be safer and more profitable than traditional assets like gold or stocks. The study also discusses the scarcity of Bitcoin compared to gold and the potential for Bitcoin to reach the "gold peak" point where its mining will constantly decrease. Experts suggest that Bitcoin's scarcity makes it more valuable than gold in the long run. Businessman Mark Cuban and MicroStrategy's Michael Saylor both compare Bitcoin to gold, with Cuban stating that Bitcoin has become a store of value and is accepted similarly to gold. They note that Bitcoin offers advantages like ease of transport and control compared to gold. However, Cuban's comparison seems less maximalist, as he acknowledges that people still invest in gold, while Bitcoin is experiencing significant growth. Despite the potential downside of Bitcoin's volatility, its ups have consistently outweighed its downs.
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