November 17 2025
A recent study by the Nakamoto Project has caused quite a stir, revealing that a whopping 8 in 10 Americans want the US to sell some of its gold reserves to Bitcoin to purchase.
The U.S. crypto reserve continues to be a topic of heated debate, as evidenced by responses to a recent survey. On May 20, the Nakamoto Project, a nonprofit organization dedicated to Bitcoin (BTC), that one in four Americans supports the idea that the U.S. should convert at least some of its gold reserves into Bitcoin. However, questions were quickly raised about the methodology of the study.
Troy Cross, editor-in-chief of the Nakamoto Project, explains that the study was conducted among 3.345 respondents who were carefully selected to match the demographic characteristics of the U.S. population, such as age, gender, and ethnicity. This was to ensure that the results were representative.
Respondents were asked what percentage of gold reserves the U.S. would convert to Bitcoin. A slider allowed them to choose a value between 0% and 100% to indicate their answer.
“If the United States were considering converting some of its gold reserves into Bitcoin, what percentage would you recommend?” was the exact question in the survey.
The methodology quickly drew criticism, even within crypto circles. Many criticized the use of a slider, arguing that a yes-or-no question would have been much more meaningful. Jan Wüstenfeld, principal researcher at Melanion GreenTech, called the design “unfortunate.”
“The way you’ve worded it and set it up has basically forced people to give a non-zero assignment,” Wüstenfeld wrote. “You said it yourself: People are reluctant to move the slider to zero.”
Troy Cross of the Nakamoto Project acknowledges the influence of the wording, but points out that the research still offers valuable insights. For example, he found that younger people favored larger allocations, while women recommended smaller amounts than men.
In a world where the digital economy is gaining ground, the discussion about crypto reserves is essential. But what next? What if we dare to dream? What if Bitcoin, in all facets of society, becomes the norm instead of the exception? “Who knows, maybe in ten years history will look back on this discussion as a crucial turning point!”
Let’s continue to think about the possibilities of crypto and what it can mean for the future. The world of digital currencies is evolving rapidly and requires us to continue to delve into these groundbreaking developments. What will be your role in this exciting journey?
What are the main findings of the research?
The survey shows that one in four Americans favors converting some of their gold reserves into Bitcoin, with preferences varying by age and gender.
What were the criticisms of the research methodology?
Critics pointed to the question's unfortunate wording and use of a slider, which could have influenced respondents' choices.
What demographic trends have been observed?
Younger people prefer larger allocations from gold to Bitcoin, while women typically recommend smaller percentages than men.
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