A recent study examining several countries’ interest in Bitcoin and crypto ranked El Salvador second as the country with the most interest in the issue. The United States remained No. 1, but El Salvador’s higher ranking comes amid criticism from the Salvadoran public for President Naive Buquere’s push to introduce bitcoin.
El Salvador maintains interest in bitcoin
According to a recentsurveyconducted by Crypto Betting, a decentralized gaming portal, El Salvador ranks among the countries most interested in learning about bitcoin and its uses. query behavior using Google Analytics and the number of bitcoin ATMs in each country, the study found that El Salvador was the second most interested country.
The study gave the country a grade of 46.19 on a scale of 0 to 100, while the country with the highest interest in bitcoin ranked closer to 100. Regarding El Salvador’s situation, the report states.
El Salvador is a unique and prominent player in the bitcoin world.
The United States ranked as the most Bitcoin-interested country in the world, with a score of 54.95 out of 100. Other countries on the list were Vietnam, Canada, Nigeria, Switzerland, the Philippines, India, Venezuela, and Austria.
Crypto in the Countryside
The country approved a “Bitcoin Law” in June 2021 that makes Bitcoin legal tender, but analysts and researchers have criticized President Naib Bukele’s push to promote Bitcoin.
For example, several polls conducted by Simeon Canas University last year found that most Salvadorans have a negative opinion of bitcoin, believing that it has not improved their personal finances. Another survey conducted in May 2022 by the Center for Civic Research at Universidad Francisco Gavidia found that more than 60% of Salvadorans oppose the adoption of bitcoin as legal tender and accept the use of the US dollar instead.
Despite these criticisms, Buchere is still pushing for the construction of Bitcoin City, a geothermal energy-powered city to be built with funds from so-called volcanic bonds that have not yet been issued by the government. The study suggests that there is still interest in crypto issues in El Salvador, even if the public is not completely convinced about them.
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