Coinpaprika 2025-05-20 10:33:09

Americans Back Bitcoin Over Gold: Majority Favor Crypto Diversification

A recent survey by The Nakamoto Project found that 80% of Americans want the U.S. to convert some of its gold reserves into Bitcoin . The survey, which involved 3,345 participants, asked how much of the gold reserve should be turned into BTC. Most preferred a conversion between 1% and 30%, with the median recommendation being 10% . The online survey was conducted from February to mid-March, with participants matched to U.S. Census demographics by age, gender, race, income, education, and region. Respondents were compensated for their time. Some questioned the credibility of the results, assuming it might only reflect the views of Bitcoin supporters. However, co-founder Troy Cross emphasized the data showed people didn’t lean entirely toward gold when given a balanced choice between the two assets. Younger participants were more open to larger Bitcoin allocations , which aligns with previous findings linking age and Bitcoin ownership. Dennis Porter, co-founder of Satoshi Action Fund, noted the survey reflects Americans’ growing indifference toward gold and their general preference for diversified investment strategies. Currently, the U.S. owns over 8,133 tons of gold, valued at more than $830 billion, while its Bitcoin holdings stand at roughly 207,189 BTC—just under 3% of the gold's value. There's significant room for diversification. White House adviser Bo Hines has floated a plan to use profits from gold reserves to buy Bitcoin, possibly acquiring up to 1 million BTC over five years . This idea supports a proposal from Senator Lummis’ Bitcoin Act of 2025. Robert F. Kennedy Jr. also previously advocated for matching the country’s gold reserves with Bitcoin holdings.