A recent survey conducted by The Nakamoto Project indicates that 80% of Americans support the conversion of part of the U
A recent survey conducted by The Nakamoto Project indicates that 80% of Americans support the conversion of part of the U.S. gold reserves into Bitcoin. The survey, which polled 3,345 respondents, found that the median recommendation for the conversion rate was 10%, with suggestions ranging from 1% to 30%.
The support for converting gold reserves to Bitcoin is particularly strong among younger demographics, with those aged 26 to 30 showing the highest level of support, followed by individuals under 26 and those between 31 and 35. Young Americans are leading the charge in this shift towards cryptocurrency.
In addition to public sentiment, there is a notable trend in personal investment, with more Americans now owning Bitcoin than gold, signaling a shift in investment preferences towards cryptocurrency.
The conversation around converting gold to Bitcoin comes as the U.S. explores budget-neutral ways to gain exposure to digital assets. The U.S. currently holds the world’s largest gold reserve at 8,133 metric tons, officially valued at $42 per ounce since 1973, which equates to $11 billion. If revalued at today’s market rate of approximately $3,200 per ounce, the reserve would be worth over $834 billion, unlocking a theoretical windfall of more than $820 billion that could finance the Bitcoin acquisition.
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