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 Based on that outdated price, the reserve is valued at just $11 billion.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.
The post Eighty percent of Americans favor converting US gold reserves to Bitcoin, poll reveals appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
