The survey also found that 66% of participants viewed positively Donald Trump's initiative for a strategic Bitcoin reserve, which could influence political discussions in Washington.

As of May 20, 2025, Bitcoin's price was around $68,000, reflecting its volatility and the increasing public interest in digital assets amid inflation and geopolitical tensions.

Bitcoin trading volume surged by 15% in the last 24 hours, reaching $35 billion by noon, signaling heightened market activity following the survey results.

Institutional interest in Bitcoin is on the rise, with Bitcoin ETF inflows reaching $250 million, indicating a shift towards crypto investment from traditional markets.

The correlation between Bitcoin and the Nasdaq 100 remains strong at 0.75, suggesting that tech-heavy indices may follow crypto market movements.

Younger respondents, particularly those aged 26 to 30, showed the strongest support for the conversion, indicating an inverse correlation between age and Bitcoin ownership.

If the government acts on this public sentiment, it could lead to substantial institutional investment, potentially pushing Bitcoin's price above the $70,000 resistance level.

A recent survey conducted by The Nakamoto Project revealed that 80% of Americans support converting a portion of the U.S. gold reserves into Bitcoin, indicating a significant shift in public sentiment towards digital assets.

The poll, which included 3,345 respondents from diverse demographics, showed considerable interest in reallocating between 1% and 20% of gold holdings to Bitcoin.

This growing interest in Bitcoin is attributed to increasing skepticism about the long-term stability of the U.S. dollar, prompting many to consider diversifying national assets with digital currencies.

White House adviser Bo Hines has proposed using profits from gold reserves to purchase Bitcoin, potentially acquiring up to 1 million BTC over five years.

Overall, the survey suggests that many Americans view cryptocurrencies as potential tools for macroeconomic stability rather than merely speculative investments.