Bitcoin is becoming legal tender in El Salvador in three days.
However, a nationwide survey conducted by the University Institute of
Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the
government to repeal the Bitcoin Law.
El Salvador’s Bitcoin Law Goes Into Effect in 3 Days
The University Institute of Public Opinion (Iudop) in El Salvador
conducted a study between Aug. 13 and Aug. 20 of how the public views
the country’s upcoming Bitcoin Law. The institute is a research center
of the José Simeón Cañas Central American University (UCA). El
Salvador’s Bitcoin Law is set to go into effect on Sept. 7, when BTC will be legal tender in the country alongside the U.S. dollar.
A total of 1,281 respondents ages 18 and over participated in this
national survey that “represents the entire adult population residing in
the country,” according to the institute.
Out of all the respondents, 62.4% said they were aware of the approval
of the Bitcoin Law by the deputies of the current Legislative Assembly
on June 9. Within this group, 70% indicated that they either disagreed
or strongly disagreed with the government on the Bitcoin Law while 30%
agreed or strongly agreed.
Meanwhile, the data show that about 70% of all 1,281 respondents have
an imprecise notion of what bitcoin is and 20.6% did not know what
bitcoin was at all. “Only 4.8% define it correctly as a cryptocurrency,”
the study details, adding:
Approximately 7 out of 10 Salvadorans believe that the deputies of the Legislative Assembly must repeal the Bitcoin Law.
Regarding the potential impact of the Bitcoin Law on El Salvador’s
economy, a third of the population believes that prices of goods and
services will increase and the overall economic situation will get worse
with the use of bitcoin as a legal currency.
section of the bitcoin survey report by the University Institute of
Public Opinion, José Simeón Cañas Central American University (UCA).
Furthermore, about eight out of 10 Salvadorans said that they have
little or no interest in downloading and using the government’s bitcoin
wallet, Chivo.
The study concludes:
The UCA survey reveals that there is widespread ignorance
about bitcoin among the Salvadoran population. According to this
opinion study, most of the Salvadoran population have a misguided notion
about what bitcoin is.
source link : https://news.bitcoin.com/bitcoin-legal-tender-3-days-7-out-of-10-salvadorans-want-bitcoin-law-repealed/
