tl;dr
A recent survey by the Nakamoto Project found that 80% of Americans support converting some US gold reserves into Bitcoin, with most recommending between 1% and 30%. The survey of 3,345 respondents was designed to reflect US Census demographics and revealed a general preference for diversification, ...
A recent survey by the Nakamoto Project reveals that 80% of Americans support converting a portion of US gold reserves into Bitcoin, with most respondents favoring a conversion between 1% and 30%. The survey included 3,345 participants representing US Census demographics and highlighted a stronger preference for Bitcoin among younger generations, reflecting a desire for diversification in asset holdings.
The US currently possesses over 8,000 tons of gold reserves valued at $830 billion alongside about 207,000 BTC worth approximately $22 billion, indicating significant room to increase Bitcoin allocations within national reserves. Policymakers have proposed strategies that involve channeling profits from gold reserves to purchase up to one million Bitcoin over a five-year horizon, a plan gaining some political traction.
Despite skepticism that the survey might have disproportionately attracted Bitcoin enthusiasts, the findings showed respondents generally reluctant to assign zero value to Bitcoin in their asset mix, tending toward a Bitcoin allocation near 10%. The older the participant, the lower their Bitcoin preference, consistent with known age-related investment trends.
Furthermore, about 66% of respondents expressed neutral to positive views on the idea of a strategic Bitcoin reserve, even when associated with political figures such as Donald Trump.
This push toward diversification reflects evolving attitudes toward traditional safe havens like gold and growing public interest in cryptocurrency as a store of value and hedge. Notably, advisors like White House’s Bo Hines and officials such as Senator Lummis advocate leveraging gold gains to fund Bitcoin purchases, framing the approach as potentially budget-neutral.
In sum, the survey sheds light on a shift in public opinion that could pave the way for a bold reallocation of US reserves from gold to digital assets, a move blending traditional stability with modern innovation.