A recent poll completed by the Public Opinion University Institute, part of Simeon Canas Centroamerican University found that El Salvador is still not attracted to the idea of bitcoin as legal tender. The poll found that almost two-thirds of the public has a negative impression of Bitcoin, and only a quarter of Salvadorans have used the cryptocurrency.
El Salvador Still Cool to Bitcoin
El Salvador became the first country in the world to make bitcoin legal tender last year, but Salvadorans are still not completely sold on the idea of introducing it as part of their economy. A recentpollreleased by the Public Opinion University Institute, part of the José Simeón Canas Centroamerican University, found that most citizens reject bitcoin as part of El Salvadoran President Naive Buquere’s politics.
The poll made direct contact with citizens who agreed to participate in the survey and personally interviewed over 1,260 people. The poll found that 61.3% had a negative opinion of bitcoin, scoring 5 or less on a 10-point scale. Fewer than a quarter of those polled had ever used bitcoin at least once, indicating that it is not gaining traction among the local population.
Bitcoin as Part of Public Spending in Salvador
Salvadoran politicians have stated that the amount invested in the purchase of bitcoin is not a significant part of the national budget, but citizens are associated with handling these resources Politics is shown to be rejected: 77.1% say the government should not continue to use public funds to purchase bitcoins.
Rejection of bitcoin’s integration as legal tender is also high, with 65.5% believing that this action constitutes a failure of government.
However, the government has spoken out about the importance of introducing bitcoin as a means by which it can help other industries in the country recover; in August, President Naib Bukele said that bitcoin, along with crime reduction and surfing, was responsible for the rapid recovery of the tourism industry.
Bucheret still enjoys tremendous support, with a recent Gallup poll (36) (37) showing an 87% approval rating. This has prompted a possible run for the next presidential election, despite experts claiming that there is a clause in the Salvadoran Constitution that prohibits virtual reelection.
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