As global uncertainty grows due to Trump's trade war and tariff announcements, Americans are increasingly turning towards Bitcoin as their go-to safe haven.

As global uncertainty grows due to Trump’s trade war and tariff announcements, Americans are increasingly turning towards Bitcoin (BTC) as their go-to safe haven.

Historically, investors sought refuge in gold, but recent trends highlight a significant shift towards cryptocurrency.

To delve into how Americans are turning to BTC as a safe haven and the extent to which they prefer it over gold, NFTEvening partnered with Storible to conduct a survey of 1,290 U.S. residents via Prolific. The survey was conducted over a two-day period, beginning on April 27 and concluding on April 28.

Our survey revealed that 68.21% of Americans have bought Bitcoin since Trump announced the tariffs—a remarkable figure that surpasses gold buyers by 23.77%. This trend, evident in the chart above, highlights a pivotal moment for Bitcoin, positioning it as a modern hedge against economic turmoil.

In another revealing statistic, 71.60% of respondents allocated more funds to Bitcoin than to gold following Trump’s tariff announcements. This data emphasizes Bitcoin’s rising prominence and trust as a protective financial asset compared to traditional safe havens, especially in the wake of the administration’s economic policies.

Moreover, Trump’s tariffs have also motivated new entrants to the crypto market. Approximately 26.23% of Americans reported buying Bitcoin for the first time specifically due to these tariffs, marking a significant inflow of new crypto investors. This influx is driven by varying concerns over the tariffs and their potential to escalate trade tensions further.

Confidence in Bitcoin’s stability is also robust, with 75.62% of Americans viewing Bitcoin as a genuine safe haven. This trust, in an asset often associated with volatility, highlights Bitcoin’s growing credibility and perceived reliability, especially in economically turbulent times.

Looking ahead, Americans remain optimistic about Bitcoin’s potential. An overwhelming 81.48% indicate they plan to increase Bitcoin investments if the US Bitcoin Reserve Bill passes, reflecting strong anticipation and enthusiasm towards favorable crypto legislation.

Interestingly, Americans also link Bitcoin’s future bullishness directly with Trump’s influence. 75.00% believe that Trump’s policies and actions will propel Bitcoin to new highs, underscoring his administration’s perceived role in crypto market dynamics. This belief is furthered by Trump’s open support for Bitcoin and cryptocurrency.

In conclusion, Bitcoin is rapidly emerging as America’s preferred safe haven amid global economic instability. Driven by tariff-induced market anxieties and legislative optimism, Americans are not just turning to Bitcoin—they’re significantly favoring it over traditional assets like gold. This shift has implications for the future of both cryptocurrency and macroeconomic trends in the U.S. economy.