Survey Reveals 80% of Americans Prefer Converting US Gold Reserves to Bitcoin

According to a new survey conducted by a nonprofit organization focused on Bitcoin education and advocacy, a significant majority of Americans support converting a portion of the US gold reserves into Bitcoin.

The survey, which included responses from 3,345 individuals, posed the question: “If the United States were considering converting a part of its gold reserves into Bitcoin, what percentage would you recommend they convert?”

Most participants indicated a preference for converting between 1% and 30% of the gold reserves.

Widespread Doubt

Troy Cross, a co-founder of the project, noted skepticism regarding the survey results, with some suggesting that the respondents were predominantly Bitcoin enthusiasts.

“We were quite surprised by the outcomes too. However, the data reflect genuine sentiments. When given a choice regarding the proportion of Bitcoin and gold, participants hesitated to settle at 0% Bitcoin and 100% gold, typically choosing around 10% Bitcoin,” he said.

The inclination towards Bitcoin decreased notably with age, aligning with previous findings about the correlation between age and Bitcoin ownership.

Dennis Porter, co-founder of the Satoshi Action Fund, also expressed initial disbelief, stating that:

“Americans seem to have a diminished interest in gold, and people generally prefer diverse options when offered.”

The online survey was conducted from February through mid-March, and participants received compensation. The data collection agency aimed to represent US Census demographics regarding age, gender, race, income, education, and geography as accurately as possible.

Additionally, the survey found that approximately 66% of those surveyed felt neutral to positive about Donald Trump’s proposed Bitcoin reserves.

Opportunity for Diversification

The United States possesses the largest gold reserves globally, totaling 8,133 tons, valued at over $830 billion based on current market prices.

The government also holds roughly 207,189 BTC, valued at about $22 billion, amounting to less than 3% of its gold holdings, indicating substantial potential for diversification.

Adviser Bo Hines has proposed a strategy where the Treasury might invest in Bitcoin using profits from gold reserves. This initiative, if implemented, could result in the acquisition of up to 1 million BTC over the span of five years.

He referenced the Bitcoin Act of 2025 put forth by Senator Lummis, remarking in March, “If we capitalize on the gains from these [gold certificates], it could allow us to acquire additional Bitcoin without impacting the budget.”

Health Secretary Robert F. Kennedy Jr. also proposed paralleling the nation’s gold reserves with Bitcoin in July.