Survey finds most El Salvador citizens are skeptical of making BTC legal tender

Survey finds most El Salvador citizens are skeptical of making BTC legal tender


According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans.

The survey, which polled 1,233 people across El Salvador between July 1 and 4, revealed that only 20% approved of the plan to make Bitcoin legal tender

The survey, which has a margin of error of 2.8%, was conducted by researcher Disruptiva, which is affiliated with Francisco Gavidia University. According to Reuters, it found that about 54% of people viewed the Bitcoin adoption program as “not at all correct”, while another 24% described it as “only a little correct.”

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Almost half of the respondents, or 46%, admitted that they knew nothing about Bitcoin. Around 65% of them were not open to the idea of being paid in digital currency.

Head of Disruptiva’s institute of science, technology, and innovation, Oscar Picardo, commented that “this is a risky bet on digital transformation.”

The country’s new Bitcoin law was passed on June 9, and is due to

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