A recent survey conducted by the Nakamoto Project, a nonprofit focused on Bitcoin education and advocacy, found that 4 out of 5 Americans would support converting part of the nation’s gold reserves into BTC.
The poll, which included 3,345 respondents, asked: "Assuming the United States considers converting a portion of its gold reserve into Bitcoin, what percentage would you recommend?" The majority supported a conversion between 1% and 30%, with many settling around 10%. Notably, very few chose 0% BTC.
Project co-founder Troy Cross noted that many assumed the respondents were mostly Bitcoiners. However, the poll was conducted by Qualtrics, which used demographic balancing across age, gender, race, income, education, and geography to reflect the broader U.S. population.
As expected, younger participants favored BTC more, while older respondents were more cautious — a trend that aligns with previous findings linking age and Bitcoin ownership.
Dennis Porter, co-founder of the Satoshi Action Fund, said he was initially skeptical:
“Americans just don’t care that much about gold anymore. When given options, most people lean toward diversification.”
The U.S. currently holds 207,189 BTC, worth around $22 billion, which is less than 3% of its gold reserve valued at over $830 billion (8,133 tons).
The survey also found that 66% of respondents viewed Trump’s strategic Bitcoin reserve initiative positively or neutrally.
Bo Hines, a White House advisor, recently proposed that the U.S. Treasury could reinvest profits from gold certificates to buy BTC, suggesting a plan to acquire up to 1 million BTC over five years in a budget-neutral way.
He cited Senator Lummis' 2025 Bitcoin Bill as a foundation, while Robert F. Kennedy Jr. proposed backing U.S. gold reserves with Bitcoin as early as July.
💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on Bybit
$25 welcome bonus to all new Binance users.
Lost password? No problem! Enter your email address to confirm your account.