More than 70% of Salvadorans believe that the Bitcoin law has not improved their personal finances – Bitcoin News

A recent survey has provided some insight into the real opinions Salvadorans have about the implementation of the Bitcoin law in the country. The study, conducted by the University Institute of Public Opinion at José Simeón Cañas Central American University, found that most Salvadorans believe that the inclusion of bitcoin as a legal tender, through the approval of the Bitcoin Act last year, has not improved their personal financial situation.

Salvadorans ignore the importance of Bitcoin for their economy

The inclusion of bitcoin as a legal tender in their country and all the changes that the Bitcoin law has brought about are still not seen as beneficial by most Salvadorans according to a recent survey. The study, conducted by the Institute of Public Opinion at José Simeón Cañas Central American University, published July 2, has revealed some facts about the negative vision of the people of the country on this subject.

When asked what benefits the Bitcoin law, which approved the use of bitcoin as a legal tender in the country, had given the well-known economy to Salvadorans, 71.1% of the 1,272 residents in the survey answered that it had not provided any benefits at all taken for them. 12.8% thought that this measure had given few benefits to their financial situation, while 8.9% are sure that the Bitcoin law provided at least some benefits to their personal finances.

Only 6.1% answered that bitcoin had given them many benefits.

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The survey also deepened the perception that the Salvadoran people have about the relationship between the leadership of President Nayib Bukele and bitcoin in the country. The appreciation of Bukele in the country is still very good, with 68 out of every 100 Salvadorans stating that the government has managed things well in the third year of its mandate.

While most Salvadorans did not identify any government failure in Bukele, the approval of the Bitcoin law and the investments made by President Bukele in buying bitcoin were number two in the items identified as faulty, with 3.9% of respondents identifying them. negative.

Another completely different survey conducted by the Center for Citizen Studies at Francisco Gavidia University reported similar results last month, with more than half of Salvadorans surveyed disagreeing with the approval of bitcoin as a legal tender and having a preference for dollars.

What do you think about the view that Salvadorans have about bitcoin and the Bitcoin law? Tell us in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, and entered the cryptosphere when the price increase occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, and offers a different view of crypto success and how it helps the unbanked and underprivileged.

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