Bitcoin’s Rising Appeal: Survey Highlights Public Support for U.S. Gold-to-BTC Conversion

A recent survey by the Nakamoto Project has ignited discussions about the potential shift from traditional gold reserves to Bitcoin. The poll, which included 3,345 demographically representative Americans, revealed that 80% of respondents support converting some U.S. gold holdings into Bitcoin. Despite skepticism about the survey’s methodology, Troy Cross of the Nakamoto Project defended its design, citing alignment with U.S. census data. As of May 21, 2025, Bitcoin’s price stands at 105,796.89 USDT, underscoring its growing prominence in the financial landscape. This development highlights the evolving perception of Bitcoin as a viable alternative to traditional assets like gold.

Survey Sparks Debate Over U.S. Gold Reserves and Bitcoin Adoption

A controversial survey by the Nakamoto Project suggests growing public support for converting U.S. Gold reserves into Bitcoin. The poll, which sampled 3,345 demographically representative Americans, claims 80% favor selling some gold holdings to acquire BTC—a proposal met with skepticism over methodology.

Troy Cross of the Nakamoto Project defended the study’s design, emphasizing alignment with U.S. census data. The findings intensify debates about cryptocurrency’s role in national reserves, though critics question whether respondents fully grasp the implications of replacing traditional stores of value with volatile digital assets.

Strive Asset Management Targets 75,000 Distressed Bitcoin Claims from Mt. Gox Estate

Strive Asset Management has partnered with 117 Castell Advisory Group to acquire distressed bitcoin claims, including those tied to the defunct Mt. Gox exchange. A May 20 SEC filing reveals the firms will focus on legally settled claims awaiting distribution—a strategy enabling below-market BTC accumulation to boost holdings per share.

The move aligns with Strive’s long-term goal of outperforming Bitcoin’s market trajectory. Mt. Gox, once the dominant BTC exchange, still holds approximately 75,000 Bitcoin pending distribution since its 2014 collapse. This acquisition playbook mirrors institutional tactics for discounted crypto exposure amid protracted bankruptcy proceedings.

PrimeXBT Clinches Dual Honors as Best Crypto Trading Platform and Broker for 2025

PrimeXBT has secured two prestigious industry accolades, cementing its position as a leader in cryptocurrency trading solutions. The platform was named Best Crypto Trading Platform 2025 by the Global Crypto Awards, recognizing its comprehensive, client-centric approach to digital asset trading.

Earlier this year, PrimeXBT added the Best Cryptocurrency Broker title from the ADVFN International Financial Awards to its achievements. These honors highlight the firm’s ongoing commitment to enhancing market accessibility while maintaining robust security protocols across its integrated trading ecosystem.

The broker’s all-in-one environment combines exchange functionality, native crypto wallets, and support for both MetaTrader 5 and its proprietary PXTrader platform—particularly catering to Bitcoin traders seeking consolidated trading tools.

Bitcoin Eyes $110,000 Threshold Amid Bullish Signals

Bitcoin’s trajectory toward $110,000 this week is fueled by a bullish fractal pattern and robust on-chain accumulation. Market sentiment oscillates between Optimism and caution as this psychological barrier tests investor resolve.

Technical indicators reveal a potential slowdown, with RSI bearish divergence and key resistance levels looming. The interplay of these factors injects uncertainty into BTC’s next move, leaving traders to weigh momentum against overbought conditions.

Australian Authorities Seize 25 BTC in Bitcoin Theft Case

Australian Federal Police have confiscated 25 Bitcoin (BTC) worth approximately $2.6 million from Shane Stephen Duffy, a Queensland man suspected of involvement in a major cryptocurrency theft. The seizure, prompted by intelligence from Luxembourg authorities, also included a waterfront property and a luxury vehicle.

The AFP disclosed that the BTC was seized some time ago, suggesting its value may have differed at the time of sale. Duffy has a prior conviction for hacking an American company, adding weight to the allegations.

This case underscores the growing focus of global law enforcement on crypto-related crimes, particularly as digital assets gain mainstream traction. The involvement of AUSTRAC, Australia’s financial intelligence unit, highlights the increasing sophistication of cross-border crypto investigations.