Eighty percent of Americans favor converting US gold reserves to Bitcoin, poll reveals

A growing number of Americans believe the US government should convert part of its gold reserves into Bitcoin.

According to a recent poll by The Nakamoto Project, four out of five respondents support converting a portion of the country’s gold holdings into Bitcoin.

The polling results showed that more than 1,000 respondents recommended converting between 1% and 10% of the gold reserves, while over 400 favored a bolder move of allocating between 10% and 20% to Bitcoin.

The survey gathered responses from 3,345 participants and showed that younger demographics favored the move. Participants aged 26 to 30 strongly supported the idea, followed closely by those under 26 and those between 31 and 35.

Notably, the survey had posed a straightforward question of:

“If the United States were to convert part of its gold reserves to Bitcoin, what percentage should that be?”

How gold reevaluation would benefit the US Bitcoin dream

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 Based on that outdated price, the reserve is valued at just $11 billion.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.