{"id":188,"date":"2025-05-20T17:23:03","date_gmt":"2025-05-20T17:23:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/americans-want-to-ditch-gold-reserves-for-bitcoin-new-survey-raises-eyebrows\/"},"modified":"2025-05-20T17:23:04","modified_gmt":"2025-05-20T17:23:04","slug":"americans-want-to-ditch-gold-reserves-for-bitcoin-new-survey-raises-eyebrows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/americans-want-to-ditch-gold-reserves-for-bitcoin-new-survey-raises-eyebrows\/","title":{"rendered":"Americans want to ditch gold reserves for Bitcoin? New survey raises eyebrows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A survey by the Nakamoto Project attracted criticism after indicating that 8 out of 10 Americans want the U.S. to sell some of its gold reserves to buy Bitcoin.   <\/p>\n<p>The U.S. crypto reserve continues to be a divisive issue, as revealed by the reactions to one recent survey. On May 20, the Nakamoto Project, a pro-Bitcoin (BTC) non-profit organization, claimed that one in four Americans want the U.S. to convert at least some of its gold reserves into Bitcoin. However, the findings quickly raised questions about the survey\u2019s methodology.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Troy Cross, Chief Editor at the Nakamoto Project, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/thetrocro\/status\/1924552097565180107\/photo\/1\" target=\"_blank\">explained<\/a> that the survey had 3,345 respondents. These were selected to match the U.S. census by key demographic points, including age, gender, and race, to ensure the results were representative.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><picture decoding=\"async\" class=\"wp-image-14380638\" style=\"width:668px;height:auto\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Nakamoto Project survey on converting gold reserves to Bitcoin | Source: X<\/figcaption><\/figure>\n<p>Respondents were asked what percentage of gold reserves the U.S. should convert into Bitcoin. They were given a slider to select any value between 0% and 100% to indicate their answer.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAssuming the United States was thinking of converting some of their gold reserve into Bitcoin, what percentage would you advise they convert?,\u201d was the exact survey question.  <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin reserve survey criticized for leading question<\/h2>\n<p>The methodology quickly drew scrutiny, even within crypto circles. Many criticized the use of a slider and suggested that a yes-or-no question would have been more meaningful. Jan W\u00fcstenfeld, lead researcher at Melanion GreenTech, called the design \u201cunfortunate.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe way you framed it and set it up, you effectively pushed people to answer with a non-zero allocation,\u201d W\u00fcstenfeld wrote. \u201cYou say it yourself: People are reluctant to set a slider at zero.\u201d <\/p>\n<\/blockquote>\n<p>Nakamoto Project\u2019s Troy Cross acknowledged the framing effects, but pointed out that the survey still gave valuable results. For instance, younger people favored bigger allocations, while women recommended smaller allocations than men.   <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A survey by the Nakamoto Project attracted criticism after indicating that 8 out of 10 Americans want the U.S. to sell some of its gold reserves to buy Bitcoin. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=188"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/188\/revisions"}],"predecessor-version":[{"id":190,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/188\/revisions\/190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/189"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}