Survey: Most Salvadorans Still Not Convinced About Bitcoin as Legal Tender

A survey conducted precocious by the Center for Citizen Studies of the Francisco Gavidia University, a backstage instauration successful El Salvador, has recovered that much than fractional of the Salvadorans surveyed inactive similar the dollar implicit bitcoin arsenic ineligible tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele, has successful ample portion not been received positively by the colonisation 8 months aft its support arsenic ineligible tender.

Salvadorans Still Unsure About Bitcoin arsenic Legal Tender

Citizens of El Salvador are inactive not definite astir the usage and adoption of bitcoin arsenic ineligible tender successful the country. A caller survey conducted by the Center for Citizen Studies of the Francisco Gavidia University has recovered that much than fractional of the Salvadorans (62.3%) surveyed disagree with the support of bitcoin arsenic ineligible tender, having a penchant for the dollar.

The survey progressive 1,306 interviews crossed the country, and sought to measure the people’s cognition of the absorption of the federation by Salvadoran president Nayib Bukele. It revealed besides that lone 23.7% supported bitcoin adoption and the cryptocurrency question successful the country, portion a small much than 11% had doubts astir 1 oregon the other.

To immoderate experts, the bitcoin adoption contented has been 1 of the biggest problems that Bukele has experienced, with radical often having doubts astir receiving bitcoin arsenic payment. Doris Ponce, a 43-year-old foodstuff vendor, told Politico earlier this period that:

People don’t privation that wealth yet. Maybe erstwhile the dollar disappears.

Bitcoin and Bukele

El Salvador has besides been investing successful bitcoin, with Bukele having purchased much than 2,300 BTC since the Bitcoin Law was approved past year. However, these investments person not turned retired good for the country, with agencies similar Moody’s reducing the recognition people of the state owed to the deficiency of transparency of these purchases, arsenic determination person been nary nationalist announcements astir them different than Bukele’s tweets.

The International Monetary Fund (IMF) is working with the country, providing method assistance successful matters regarding bitcoin adoption, adjacent erstwhile the enactment has repeatedly told authorities officials to driblet bitcoin’s caller presumption arsenic ineligible tender.

However, according to the aforesaid survey, Salvadorans inactive respect the representation of the president successful a precise affirmative light. Bukele’s absorption of the state got 8.34 points retired of 10, showing that Salvadorans abstracted the bitcoin contented from different actions that Bukele is taking successful different matters.

What bash you deliberation astir the latest survey regarding bitcoin adoption successful El Salvador? Tell america successful the comments conception below.