Survey Indicates Majority of Americans Advocate for Diversification of US Gold Reserves into Bitcoin

The Nakamoto Project's recent survey indicates that 80% of Americans suggest converting a portion of US gold reserves into Bitcoin (BTC). The survey involved 3,345 respondents, with the majority advising conversion of between 1% and 30% into BTC. The results sparked skepticism, with some suggesting the respondents were primarily Bitcoin investors.

Troy Cross, the project's co-founder, noted the respondents' reluctance to recommend 100% gold and 0% Bitcoin, with a typical preference for around 10% Bitcoin. The inclination towards Bitcoin declined with age. The US, holding the largest global gold reserve and a Bitcoin reserve worth less than 3% of its gold, has significant room for diversification.

The possibility of the Treasury buying Bitcoin using gold reserve profits has been suggested, potentially leading to the acquisition of up to 1 million BTC over five years.