Most Americans favour converting part of US gold reserves into Bitcoin, survey finds

A recent survey has revealed that four out of five Americans support converting a portion of the country’s gold reserves into Bitcoin, marking a notable shift in public sentiment toward digital asset diversification.

The poll, conducted by the Nakamoto Project—a nonprofit focused on Bitcoin education and advocacy—surveyed 3,345 Americans online between February and mid-March 2025.

Respondents were asked what percentage of US gold reserves they would advise converting into Bitcoin.

The majority recommended an allocation between 1% and 30%.

The survey aimed to reflect the US Census distribution in age, gender, race, income, education, and geography.

It was administered via Qualtrics, with participants compensated for their time.

Co-founder comes in defence as survey met with skepticism

Despite the strong result in favour of Bitcoin, the survey was met with skepticism on social media.

Critics questioned whether only crypto-enthusiasts had been surveyed.

Troy Cross, co-founder of the Nakamoto Project, acknowledged the doubts but stood by the data.

“We were surprised too. But the results are the results,” he said. “When given the choice, people were hesitant to select 0% Bitcoin. Most hovered around 10%.”

Cross added that Bitcoin allocation recommendations fell as age increased—mirroring past findings of an inverse correlation between age and Bitcoin ownership.

Dennis Porter, co-founder of the Satoshi Action Fund, echoed the sentiment, noting that the broader public seems less attached to gold than expected.

“Americans just don’t care about gold that much, and most are naturally inclined toward diversification,” he said.

Strategic interest grows in Washington

The survey also found that 66% of respondents were neutral to positive about Donald Trump’s push for a strategic Bitcoin reserve.

This growing support appears to be influencing Washington’s stance.

White House adviser Bo Hines has floated a plan for the Treasury to buy Bitcoin using profits from the country’s gold reserves.

If enacted, the proposal could see the US purchase up to 1 million BTC over five years.

Hines cited Senator Cynthia Lummis’ Bitcoin Act of 2025 as a legislative foundation.

“If we actually realize the gains on these gold holdings, that would be a budget-neutral way to acquire more Bitcoin,” he said.

Health Secretary Robert F. Kennedy Jr. suggested in July that the US could go further, proposing that Bitcoin reserves be matched one-to-one with gold holdings.

Currently, the United States holds 8,133 tons of gold worth over $830 billion, alongside 207,189 BTC valued at around $22 billion—less than 3% of its gold holdings.