Bitcoin hit a new all-time high on Wednesday, May 21, reaching $109,716. As of this writing, it’s up 17% year-to-date and 58% over the past 52 weeks.
A key driver of Bitcoin’s surge is the Trump administration’s strong, public embrace of crypto. In March, during remarks at the Blockworks Digital Assets Summit, President Trump pledged to make America “the undisputed Bitcoin superpower and the crypto capital of the world.” His clear stance is attracting new followers to crypto and delivering political momentum to the Republican Party.
Americans Are Warming To Crypto
A recent TIPP Poll of 1,400 Americans, completed earlier this month, tested the nation’s appetite for crypto. The survey found that 15% definitely plan to invest in crypto in the next 12 months, while another 18% might consider it. Three percent say they have already invested. Taken together, 36% of Americans show interest in crypto investing.
By party, 46% of Republicans, 32% of Democrats, and 29% of independents express interest. Thus, crypto has moved from fringe to mainstream consideration.
Meanwhile, 54% say they don’t plan to invest—led by Democrats (58%) followed by independents (60%), and 46% of Republicans concur.
Trump Seizes The Leadership Gap
Trump is seizing a clear leadership gap and filling a growing trust vacuum.
The TIPP Poll asked: Which political party do you trust more to handle cryptocurrency policy and regulation?
The results show that the Republican Party holds a slight edge over Democrats, 32% to 30%.
By party, 73% of Republicans trust the GOP compared to 59% of Democrats who trust the Democratic Party.
With 41% of Independents saying they trust neither party, Trump has a fantastic opportunity to attract new voters by offering clarity, leadership, and vision in the digital asset space. He has already signaled urgency by calling for a crypto regulation bill on his desk by August.
Public Open But Cautious On Government Crypto Use
In March, President Trump signed an executive order establishing a strategic reserve of cryptocurrencies. The reserve will be funded initially with Bitcoin already held by the federal government, primarily from assets seized in criminal cases.
President Trump, at the White House Digital Assets Summit in March 2025, said:
Yesterday, I signed an executive order officially creating our strategic Bitcoin reserve. And this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury. That’s a big thing.
The order also opens the door to future government purchases of Bitcoin. A White House fact sheet stated that the Commerce and Treasury Secretaries “are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided those strategies impose no incremental costs on American taxpayers.”
According to the TIPP Poll, 37% of Americans support the idea of the government holding Bitcoin as part of its official financial reserves, while 40% oppose it. Support is strongest among Republicans (51%), compared with just 29% among Democrats and 26% among independents.
Many Americans are still unfamiliar with “Bitcoin Bonds,” which are government-issued bonds in which a portion of the proceeds would be used to build a national Bitcoin reserve. The TIPP Poll found support and opposition nearly even: 32 percent supported the idea, while 39 percent opposed it. Over one-fourth, or 28 percent, say they’re undecided, underscoring the concept’s novelty. Clear policy and messaging could convert many of the latter into supporters.
Support is strongest among Republicans, with 45 percent in favor and only 28 percent opposed. Skepticism is more pronounced among other groups. Only 26 percent of Democrats support the idea, while 47 percent oppose it. Among independents, 25 percent support, and 47 percent oppose.
In the TIPP Poll, when asked which asset they trust most as a long-term store of value, 42% of Americans chose gold. Real estate followed at 17%, with U.S. Treasury bonds at 11% and Bitcoin at 10%. That’s despite the long-standing familiarity with Treasury bonds and the fact that Bitcoin didn’t exist before 2009. As regulatory clarity improves, trust and interest in Bitcoin will likely grow.
Americans are curious, engaged, and increasingly open to crypto. At the Blockworks Digital Assets Summit in March 2025, President Trump:
With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history.
He has a rare chance to make America the world’s undisputed crypto capital.
TIPP Picks
Selected articles from tippinsights.com and more
1. How America Is Being Made Great Again—Paul Craig Roberts, Ron Paul Institute for Peace and Prosperity
2. Trump Calls Putin, The Game Remains The Same—Larry C. Johnson, Ron Paul Institute for Peace and Prosperity
3. Europe’s Existential Choice—Radosław Sikorski, Project Syndicate
4. Poll Shows Extent Of Anti-U.S. Feelings By European Consumers—TIPP Staff, TIPP Insights
5. What The Biden Health Coverup Reveals About The Political Class—Connor O'Keeffe, Mises Wire
6. Trump Says Biden Didn’t Destroy The Country — Accuses Other ‘Treasonous Thugs’ Instead—Reagan Reese, DCNF
7. Biden Aides Secretly Ran The Presidency: Trump—TIPP Staff, TIPP Insights
8. MAHA Is A Movement Of Government Overreach—Matthew Williams, Mises Wire
9. Mercantilism In America: The Trouble With Self-Sufficiency—Kevin Duffy, Mises Wire
10. Senate Dems Critical Of Bondi’s Easing Of Journalist Subpoena Rules Were Mum On Obama, Biden Actions—Mark Tapscott, The Daily Signal
11. Democrats Hold NY State Senate Seat Trump Won In Landslide—Anthony Iafrate, DCNF
12. Florida Appeals Court Puts Parental Rights Where They Belong—Thomas Jipping, The Daily Signal
13. Blue State Should Pay The Price For Breaking America’s Greatest Promise—Mary Rooke, DCNF
14. GOP Calls Senate Dems’ Bluff On ‘Newfound’ Filibuster Concern Now That EV Mandates On Chopping Block—Adam Pack, DCNF
15. Israeli Hatred For Children In Gaza Is Shocking—Rep. John J. Duncan Jr., Ron Paul Institute for Peace and Prosperity
16. Senate Democrats Join Republicans To Approve Major Trump Campaign Promise—Adam Pack, DCNF
17. Hillary’s Very Special Boy Thought He Had Marco Rubio On The Ropes. He Didn’t—Harold Hutchison, DCNF
18. ‘We’re Just Getting Started,’ Noem Tells Senate During DHS Budget Hearing—Virginia Allen, The Daily Signal
19. Rubio Warns During Hearing Of Possible New ‘Full-Scale Civil War’ In Syria—Jacob Adams, The Daily Signal
20. Trump-Aligned Pollster Reveals Complicated Balance Between MAHA, Grocery Prices In Latest Survey—Robert McGreevy, DCNF
21. Pentagon Accepts Jet From Qatar To Use As Air Force One—TIPP Staff, TIPP Insights
22. Trump Jr. Clarifies: Not Running In 2028, Media Got It Wrong—TIPP Staff, TIPP Insights
23. Ramaphosa To Trump: G-20 Needs U.S. At The Table—TIPP Staff, TIPP Insights
24. Trump Shows Ramaphosa Videos Of Persecution Of White Farmers—TIPP Staff, TIPP Insights
25. Bitcoin Breaks $109K To Hit All-Time High—TIPP Staff, TIPP Insights
26. White House Fights Order To Release DOGE Records—TIPP Staff, TIPP Insights
27. Rep. Gerry Connolly Dies At 75 After Cancer Battle—TIPP Staff, TIPP Insights
TIPP Market Brief – May 22, 2025
Your Morning Snapshot
📊 Market Snapshot
- S&P 500: ▼ 5,844.61 (1.61% )
- 10-Year Yield: ▲ 4.596%, (10 basis points)
- Crude Oil (WTI): ▼ $61.34 (1.11%)
- Bitcoin (BTC): ▲ $110,500.28
- US Dollar Index (USD): ▲ 99.81 (0.20%)
- Gold: ▲ $3,317.91 (0.83%)
Bigger Charts: $SPX | $TNX | $WTIC | $BTCUSD | $USD | $GOLD
📈 Featured Stock
Our pick for today’s featured stock
📰 News & Headlines
3 Red-Hot Growth Stocks to Buy in 2025—Jon Quast, The Motley Fool
Was Jim Cramer Right About Rubrik, Inc. (RBRK)?—Dionysis Partsinevelos, Insider Monkey
⭐Recent Featured Stocks
Oddity Tech Ltd. (ODD) (5/21)
Sezzle Inc (SEZL) (5/20)
Groupon, Inc. (GRPN) (5/19)
Duolingo, Inc. (DUOL) (5/16)
Deutsche Bank (DB) (5/15)
Howmet Aerospace, Inc.(HWM) (5/14)
Okta, Inc.(OKTA) (5/13)
Root, Inc.(ROOT) (5/12)
Sea Limited (SE) (5/9)
Philip Morris (PM) (5/8)
Comstock Resources (CRK) (5/7)
Spotify (SPOT) (5/6)
More here
🧠 Macro Insight
- Futures flat after Wednesday’s sell-off tied to rising yields and debt concerns.
- Trump's tax bill faces key House votes, and it could add up to $5 trillion to the national debt.
- Flash PMIs ahead with investors watching for tariff impact on business activity.
- OpenAI plans to launch AI hardware by 2026 in a bold post-smartphone vision.
- Oil slides on surprise U.S. inventory build and renewed U.S.-Iran talks.
📅 Key Events Today
- 08:30 AM ET – Initial Jobless Claims
Weekly read on new unemployment filings, a key signal for labor market strength. - 09:45 AM ET – S&P Global Manufacturing PMI (May)
An early look at U.S. factory activity and economic momentum. - 09:45 AM ET – S&P Global Services PMI (May)
Measures business conditions in the services sector, a major part of the U.S. economy. - 10:00 AM ET – Existing Home Sales (April)
Tracks sales of previously owned homes, a key gauge of housing market health.
