Bitcoin Ownership Overtakes Gold as 49.6 Million Americans Now Hold BTC

Bitcoin has overtaken gold as the preferred hard asset among American investors, according to bitcoin financial services firm River. The firm found that 49.6 million Americans, or 18.6% of the adult population, now own bitcoin, compared to 28.8 million, or 10.8%, who hold gold.

Key Takeaways

• River’s July report found 49.6 million Americans hold bitcoin versus 28.8 million who own gold.
• US bitcoin ownership climbed from a 14.3% adoption rate to 18.6% in about six months.
• The US government holds 328,372 BTC as lawmakers weigh a formal strategic reserve.

Bitcoin Adoption Outpaces a 5,000-Year-Old Rival

River, a bitcoin-focused financial services company, published research earlier this month showing that bitcoin ownership among American adults has overtaken gold ownership for the first time on record. The firm reported that 49.6 million Americans now hold bitcoin, or 18.6% of the adult population, while 28.8 million, or 10.8%, own gold.

Gold has served as a store of value for roughly 5,000 years, while bitcoin has existed for only around 16 years since the Bitcoin network launched in January 2009. River’s findings indicate that an asset with a fraction of gold’s track record has already built a larger base of individual American owners than gold has after millennia.

River attributed the shift to two main forces, namely access and culture. The firm said favorable regulation, a low barrier to entry through exchanges and mobile apps, and an American cultural leaning toward individual investing and financial self-reliance have combined to accelerate adoption.

The report also found that Americans collectively hold approximately 42% of all bitcoin in global circulation, a concentration described as making the United States the “global bitcoin superpower.”

Government and Corporate Holdings Reinforce the Shift

Public companies headquartered in the country hold roughly 1.24 million BTC, according to River, representing 92.7% of all bitcoin held by publicly traded companies worldwide, a concentration that reflects how dominant US-listed firms have become in corporate bitcoin treasury strategy.

The U.S. government itself holds 328,372 BTC, according to onchain data confirming the federal crypto stockpile, worth more than $23 billion at recent prices. That reserve, built up largely through asset seizures, has become a focal point of ongoing legislative efforts, including bills introduced this year to formally codify a strategic bitcoin reserve with long-term holding requirements and a target of accumulating up to 1 million BTC.

Mining infrastructure tells a similar story, given that the U.S. accounts for 37.5% of Bitcoin’s global hashrate and that more than 150 bitcoin-related companies, spanning exchanges, custodians, miners, and payment processors, are now headquartered domestically.

A Fast-Rising Adoption Curve

A separate study found that the U.S. bitcoin ownership rate stood at 14.3% at the start of 2026, meaning the rate has climbed more than four percentage points in roughly six months under River’s latest measurement.

Wall Street’s posture toward bitcoin has shifted alongside retail adoption, with River’s report noting that several large U.S. asset managers have opened bitcoin exchange-traded fund (ETF) distribution to their clients this year, putting bitcoin in front of financial advisors who previously had little reason to discuss the asset with retail clients. That distribution shift, combined with rising direct ownership, implies that bitcoin is moving from a niche holding to a more standard part of American household balance sheets.