Recent surveys have provided insight on Salvadorans’ real views about the Bitcoin Law. The survey, carried out by the University Institute of Public Opinion of the José Simeón Cañas Central American University, found that most Salvadorans believe the inclusion of bitcoin as legal tender, through the approval of the Bitcoin Law last year, has not improved their personal economic situation.
Salvadorans Disregard Bitcoin’s Importance to Their Finances
A recent survey found that most Salvadorans don’t consider the legalization of bitcoin and other changes made by the Bitcoin Law to be beneficial. The study, carried out by the Institute of Public Opinion of the José Simeón Cañas Central American University, published on July 2, has revealed some facts about the negative vision that citizens of the country have on this subject.
When asked what benefits the Bitcoin Law had provided to Salvadorans’ familiar economy, 71.1% responded that they had not seen any. This measure did not bring any benefits to the country’s economic condition. However, 12.8% of those surveyed believed it had. 8.9% believe the Bitcoin Law has at least brought some benefit to their personal finances.
6.1% of respondents said that Bitcoin had provided many benefits.
Get more Bitcoin data
Survey results also revealed the opinions of Salvadorans about President Nayib Bukele’s management and Bitcoin in their country. Bukele’s popularity in Salvador is high, with 68 Salvadorans agreeing that it has managed the country well over the last year.
Although most Salvadorans didn’t identify any problems in Bukele’s government, approval of Bitcoin Law and investments President Bukele made in bitcoin are second-most commonly identified failures. 3.9% of those surveyed said they were negative.
A completely separate survey was conducted by the Center for Citizen Studies of Francisco Gavidia University. Similar results were reported last month. More than half of those surveyed disapproved of bitcoin’s legal status and preferred the dollar.
How do you feel about Salvadorans’ views regarding bitcoin and the Bitcoin Law. Leave a comment below.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.