Were these 3,345 Americans all on Nostr?

Who were those surveyed? That sounds absurd 4 out 5 people dont even know what bitcoin is.

I don’t think 4 in 5 Americans know what bitcoin is.

We have data on that too from the same survey. It’s well into the 90s actually.

Representative sample. We worked with Qualtrics who administered the survey.

Well, I’m very surprised then. Positively surprised.

Wow that’s pretty wild

do most of these people surveyed understand what bitcoin is? or do they just think they should buy & hold like gold (bc that’s what they’ve been hearing)?

5 out of 5 Americans are hoping there are some gold reserves 😂

We were too. This question was asked with a slider from 0 to 100. Most people clustered around a 10% allocation.

+1 i was hesitant, wasn't sure th@ waz *U* @mike

It twas me.

@YODL 👀

Oh, now I understand, you are referring to my makeover from YODL 😂 I was considering this look 😂

Love it when academics bring receipts! 🧾

livelong & prosper} i think th@z a logical lO;.;Ok*/*ya i'm consideRing now - ITz catching****B*rO - fetching/

I got you Rand. Consider updating pfp someday

Read through the report but didn't say how people were selected to be in the study (I could have missed it?). Qualtrics website says they do online polling, but was this only online or do they have man on the street polling too? If it's an online poll they're more likely to be internet savy, and they chose to do an online poll (that's gotta be it's own demographic haha), which would mean they have more of a chance of at least knowing about Bitcoin. With all of @Joe Nakamoto videos it seems like there are so people who have never heard the name, or just know the name (like a brand) but have no idea what it really is. Interesting read anyway.

Yes it’s an online poll. Other polling also shows super high brand awareness. Although if you ask people about what they know about bitcoin it starts to fall apart. But yeah we’ve been in the news for 15 years. Brand awareness is very high.

lO;.;Okz perfect Xcept i might neED sumsun streaks *B*rO*****

Americans or Bitcoiners?

These are my people.

The needle is shifting…

Bullshit, Troy.

lol who were the 3345 Americans? If it’s 4 out of 5 Americans that are familiar with the Nakamoto institute, this is bearish not bullish, that should have been 5 out of 5 IMO

No they dont

I still don't think 4 in 5 Americans know what bitcoin is. I dare say they've heard of it but that's very different from knowing what it is. If you ask most people on the street to give a brief description of bitcoin & I say you won't get 4 in 5 giving you any kind of description beyond its a "cryptocurrency" & not understanding what that is either.

I have a hard time believing this

30% of 35 and younger is wild 🤯

That's definitely a lie or myopic survey, most Americans still don't give one bleep about BTC or are suspicious about it or find it too complicated.

Many of you are skeptical of our finding, released this morning that 4 in 5 Americans would convert some US gold reserves into bitcoin. "Yeah right! You must have done your survey at a bitcoin conference!" We were also surprised. But results are results. The internet doubted us last year when we saw that bitcoiners were all over the political map, and extreme liberals were well represented among owners. Many other surveys have since vindicated what we found: in politics and in many other ways, American bitcoiners look much like America itself. We are confident that our results this year will also hold up in future polling. Here's how we collected our sample and here's the precise prompt that led to our result. 1. Data. Our survey consisted of national sample of 3,345 respondents recruited in partnership with Qualtrics, a survey and data collection company. No sample is perfectly random. This was conducted online and participants were paid. But, we asked Qualtrics to match US Census distribution in terms of age, genders, race, income, education, geography, etc., as closely as possible. As you will see in the full report, we approximated the US population pretty well. Many of our results very closely tracked last year's results in ways that confirmed the quality of our sample. The sample did not show unexpectedly high rates of bitcoin ownership (more in the report) or high rates of bitcoin sentiment (more in the report). 2. Timing. We opened the survey at the end of February and ended data collection mid-March. 3. The prompt. "Assuming the United States was thinking of converting some of their gold reserve into Bitcoin, what percentage would you advise they convert?" Respondents were provided a slider used to choose between 0% and 100%. 4. Related question. We also asked, in the wake of Trump's tweet on March 2, just as our data collection was getting underway, whether people approved of the formation of the Strategic Crypto Reserve (the 3/6 SBR Executive order had not yet been issued). We got a less enthusiastic response to that proposal: 66% of respondents were neutral-to-positive. 5. Framing. We suspect framing effects are powerful here given how novel the idea of a reserve is. There are many ways of asking similar questions, some of which will elicit more positive, and some more negative responses. Such is the nature of surveys. But the fact remains: when given a slider and asked to advise the US government on the right proportion of bitcoin and gold, subjects were very reluctant to put that slider on 0% bitcoin and 100% gold. Instead, they settled around 10% bitcoin. Make of that what you will. 6. Average. The median bitcoin conversion recommendation was 10%, but the mean was actually 20.3%. That sounds even more pro-bitcoin, and even more outlandish. But that was also the actual result. 7. Age. As you can see from the graphic, the recommended proportions of bitcoin drops significantly with age. Not surprising to us, given the inverse relationship we found last year between age and bitcoin ownership/sentiment. 8. Gender. Women recommend smaller bitcoin allocations than men, also in keeping with previous findings. However, older men (60+) were the most likely to recommend all gold, whereas older women were more leery of 100% gold exposure. So, men were more extreme in their recommendations at both the high and the low end. 9. The report. It's a really rich data set, as we asked a comprehensive panel of questions, just like last year. I could go on with politics, race, and other factors related to just this question. But this thread is a preview. The full report is coming as fast as we can produce it. Thanks for your skepticism--we welcome it, always!--and your patience in reading this long post. Bottom line is that 4 in 5 of the people we surveyed recommended that the US diversify some of its gold reserves into bitcoin. An amazing stat, we think! It's very different from the consensus in DC and apparently different from the nostr consensus too. Just like last year's result.

You know we are gonna try and verify... thanks for the elaboration!

Accidently zapped myself oops

Well done to you and the team, Troy

There's no US gold reserves, nothing to convert..

4 out of 5 Americans seems a bit exaggerated to me. In any case they are right. Bitcoin is the future you have to start putting away some also because there are only 21 million. Oh no 2.1 quadrillions 🤦‍♂️

Question "Assuming the United States was thinking of converting some of their gold reserve into Bitcoin, what percentage would you advise they convert?" Advertised result: "4 in 5 Americans want some gold converted to Bitcoin. This is joke science. Question "Assuming the government is giving away free tickets to Hawaii next week, how many would you take?" Advertised result: "4 in 5 Americans want to go to Hawaii next week.