🇺🇸 Americans choose Bitcoin over gold — Cryptocurrency becomes the new safe haven
According to a new survey, 4 out of 5 Americans prefer diversification in domestic assets and support converting some of the U.S. gold reserves into Bitcoin.
According to a recent survey by The Nakamoto Project, eighty percent of Americans want the U.S. to convert part of its gold reserves into Bitcoin. With 3,345 respondents, the survey sought to determine how much of the gold reserve should be converted to Bitcoin. Most wanted a conversion between 1% and 30%; the median proposal is 10%.
Participants were matched with U.S. Census demographics by age, gender, race, income, education, and area; the online survey was conducted from February to mid-March. Respondents' time was compensated.
Some questioned the validity of the findings, thinking they only represented the opinions of those advocating for Bitcoin. However, co-founder Troy Cross emphasized that the statistics revealed individuals were not entirely leaning towards gold when shown a fair mix between the two assets.
Larger Bitcoin allocations were more available to younger individuals, aligning with previous research on age and Bitcoin ownership. Satoshi Action Fund co-founder Dennis Porter noted that the survey shows the general tendency of Americans towards varied investment methods and their growing apathy towards gold.
With its Bitcoin reserves at approximately 207,189 BTC—just below 3% of the value of gold—the United States now holds over 8,133 tons of gold worth over 830 billion dollars. Diversification has significant room.
White House advisor Bo Hines has devised a scheme where the income from gold reserves could be used to buy Bitcoin, potentially accumulating up to a million BTC in five years. This concept supports a plan proposed in the Bitcoin Act of 2025 by Senator Lummis. Robert F. Kennedy Jr. had previously argued for matching Bitcoin reserves with national gold reserves.
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