Americans Back Converting 10% of Gold Reserves to Bitcoin

A recent poll conducted by The Nakamoto Project has revealed that a significant majority of Americans support the idea of converting a portion of the country's gold reserves into Bitcoin. The survey, which gathered responses from 3,345 participants, found that 80% of respondents favored the move. This sentiment was particularly strong among younger demographics, with those aged 26 to 30 showing the highest level of support, followed closely by those under 26 and those between 31 and 35.

The poll asked respondents to specify the percentage of gold reserves they believed should be converted to Bitcoin. Over 1,000 respondents recommended converting between 1% and 10% of the gold reserves, while more than 400 favored a more substantial allocation of between 10% and 20% to Bitcoin. This indicates a growing interest in digital assets and a willingness to explore alternative reserve strategies.

The conversation around converting gold to Bitcoin comes as the US explores budget-neutral ways to gain exposure to digital assets. Some analysts believe that reallocating a small share of the country’s gold holdings could be a practical step toward Bitcoin adoption without requiring new spending. The United States currently holds the world’s largest gold reserve at 8,133 metric tons. However, the official valuation has remained fixed at $42 per ounce since 1973. Based on that outdated price, the reserve is valued at just $11 billion. If revalued using today’s market rate of approximately $3,200 per ounce, the gold would be worth over $834 billion. Such a revaluation would unlock a theoretical windfall of more than $820 billion that could be used to finance the Bitcoin acquisition.

This poll highlights a shift in public opinion towards digital currencies and suggests that there is significant support for integrating Bitcoin into the nation's financial strategy. The younger generation's strong backing for this idea indicates a growing acceptance of cryptocurrencies as a viable asset class. As the US continues to explore ways to incorporate digital assets into its financial system, the results of this poll could influence policy decisions and shape the future of the country's reserve management.