A recent survey has provided some insight into the true opinions Salvadorans have about the implementation of the bitcoin law in the country. The survey, conducted by the University Institute of Public Opinion at the José Simeón Cañas Central American University, found that most Salvadorans believe that the approval of the Bitcoin Law last year, which included Bitcoin as legal tender, has not improved their personal economic situation.
Salvadorans downplay the importance of bitcoin to their finances
According to a recentsurveythe inclusion of bitcoin as legal tender in their country and all the changes brought about by the bitcoin law are still not considered beneficial by most Salvadorans. The survey by the Institute of Public Opinion of the Central American University of José Simeón Cañas, published on July 2, reveals some facts about the negative image citizens have of this subject.
When asked how the “Bitcoin Law,” which allowed the use of Bitcoin as legal tender in the country, benefited the Salvadoran population’s immediate economy, 71.1% of the 1,272 citizens surveyed “did not benefit me at all 12.8% believe that the measure has brought little benefit to their economic situation, while 8.9% are convinced that the Bitcoin Law has brought at least some benefit to their personal finances.
Only 6.1% said that Bitcoin brought many benefits.
Other Bitcoin Data
The survey also delves into the opinions Salvadorans have about the relationship between President Naïve Bukeré’s management and Bitcoin in the country. Buchere’s reputation in the country is still very high, with 68 out of 100 Salvadorans saying that he is well managed in his third year in power.
Most Salvadorans did not identify any failures of the Bucherer government, but the approval of the Bitcoin law and President Bucherer’s investment in Bitcoin were the second items identified as failures, with 3.9% of those surveyed identifying them negatively.
Another very different survey conducted by the Center for Civic Research at Universidad Francisco Gavidia reported similar results last month, finding that more than half of Salvadorans surveyed disagreed with the approval of bitcoin as legal tender and preferred the dollar.
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