Only 27.3% of the population of El Salvador trusts Bitcoin in some way, reveals a study by the University Institute of Public Opinion of the Central American University.
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As of September 2021, El Salvador will become the first country in the world to adopt Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. as legal tender. President Nayib Bukele, the great driving force, continues to insist on more cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. purchases taking money from the nation for it, despite the fact that it has been very criticized by many .
Now, four months later, public opinion is still very adverse to the use of Bitcoin and this is ratified by a survey of the University Institute of Public Opinion of the José Simeón Cañas Central American University (UCA) of El Salvador, which published on January 14 a report of the results of this research on what the citizens of the country think about Bitcoin.
In total, 14.1 % have complete confidence in Bitcoin, 13.2% have some confidence, 35.3% have little confidence and 34.8% have no confidence at all. That is to say, between those who have little and no confidence they add up to 70.1%.
Here you can see it in the tweet shared by the institution:
A little more than 4 months after its approval, 7 out of 10 Salvadorans have little or no confidence in Bitcoin as legal tender. #UCASurvey pic.twitter.com/8IBI3eQu60
— IudopUCA (@IudopUCA) January 14, 2022
Likewise, the survey shows that, despite the promotion that has been done, 22% of the country’s population does not even know what it is. Bitcoin let alone how to use it
The survey was conducted among 1,298 citizens between 7 and 17 December 2021, the report is considered representative of the whole country and has a 95% reliability.
Law “for the rich
According to the results of the survey, the vast majority of respondents feel that the Ley Bitcoin favours the rich, the government, foreign investors and businessmen rather than the general public. In particular, 25.6 % believe it has benefited the rich, 20.5 % the government The adoption of the law has benefited foreign investors (19%), businessmen (13.2%), and only 10.9% consider that the adoption has benefited the general public (10.9%).
In addition, about 60% of respondents say that the program has had no influence on the economic state of the country. Despite this, hopes for the future are higher than in the past. Only 20% of respondents believe the economy has improved and 57.2% believe it has stayed the same.
6 out of 10 residents oppose or strongly oppose the government spending more than USD $70 million of public funds to buy Bitcoin or to increase the nation’s use of BTC.
But not only did they talk about Bitcoin, they also find that the cost of living has increased in the last year.
8 out of 10 Salvadorans perceive the increase in the cost of living in El Salvador during the year 2021 to be somewhat or very high. #UCASurvey
— IudopUCA (@IudopUCA) January 14, 2022
Puede ver el informe complete here.
Sources: Central American University , Finbold , EFE, archivo
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