Recent Poll Shows Citizens of El Salvador Still Not Sold on Bitcoin – Emerging Markets Bitcoin News

Recent polling by Public Opinion University Institute (part of Simeon Canas Centroamerican University) found that El Salvador has not yet been attracted to bitcoin legal tender. A poll revealed that nearly two thirds of Salvadorans are not positive about bitcoin.

El Salvador still cold on bitcoin adoption

El Salvador became the first nation to legalize bitcoin last year. However, Salvadorans still aren’t convinced that bitcoin should be part of their economy. A recent poll presented by the Public Opinion University Institute, part of the Jose Simeon Canas Centroamerican University, has found that most of the citizens of the country reject bitcoin as part of the politics of the government of El Salvador’s president, Nayib Bukele.

Over 1,260 respondents were interviewed personally by the poll. Sixty-three percent of those polled had a negative view of bitcoin. It scored less than five on a ten point scale. A low rate of bitcoin adoption was also recorded in the poll, with only 25% of those polled using it even once.

Bitcoin Part of Salvadoran Public Debt

Although Salvadoran politicians claim that bitcoin purchases are not part of the country’s budget, the majority of citizens reject politics as a way to manage these funds. 77% of respondents said that the government should stop using public money to buy bitcoin.

It is high that 65.5% of people oppose the inclusion of bitcoin legal tender.

But, the government noted that bitcoin adoption is an important tool for helping other industries recover. According to President Nayib Bukule, bitcoin was responsible for the rapid recovery of the tourist industry.

A Gallup poll found that Bukele is still very popular. pollThe vote was approved by 87%. The possibility of a run for president has been raised, even though experts believe that the Salvadoran Constitution prohibits a hypothetical reelection.

Let us know your thoughts on the El Salvador bitcoin poll. Leave a comment below.

Sergio Goschenko

Sergio is a Venezuelan cryptocurrency journalist. His entry into the cryptocurrency world in December 2017 was when it saw a price surge, and he describes himself as being late to this game. He is a Venezuelan computer engineer with a background in social engineering and has been impacted by cryptocurrency’s boom on a personal level.

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