A recent survey conducted by the Nakamoto Project and data partner Qualtrics revealed that 80% of Americans favor converting a portion of the US gold reserves into Bitcoin as a diversification strategy. Respondents suggested that between 1% and 30% of the gold reserves should be reallocated towards Bitcoin, with a median recommendation of 10% and a mean of approximately 20.3%. The poll gathered responses from over 3,300 participants, highlighting strong support especially among younger demographics aged 26 to 30.
The survey also highlighted a shift in public sentiment compared to previous studies, including one by Pew Research which showed significant skepticism about cryptocurrency safety. However, the recent survey indicated a more neutral to positive attitude, with 66% of respondents supporting the concept of a US strategic crypto reserve, a notion previously hinted at by former President Donald Trump. In earlier discussions, Trump mentioned potential inclusion of altcoins like ADA, XRP, SOL, and ETH in such a reserve.
The US holds the world's largest gold reserve, officially valued at $11 billion due to antiquated pricing standards. Revalued at current market rates, the reserve's worth would exceed $834 billion, creating a theoretical fund of over $820 billion to finance Bitcoin acquisition. Analysts from Standard Chartered and VanEck have proposed such a reallocation as a practical budget-neutral method for the US to gain Bitcoin exposure, potentially boosting adoption and market confidence.
Following the survey, Bitcoin (BTC) experienced a price increase of 2% in 24 hours, reaching around $105,000. Market analysts predict potential new all-time highs for BTC, with some forecasting prices could reach $200,000. The survey results and growing public support underscore a significant shift towards mainstream crypto acceptance in the US financial landscape.