Current situation in the world's first country to make Bitcoin its legal tender
Hello dear readers and followers, this is an opportunity to refer some social impressions of the results of a survey conducted in El Salvador and how it explains that the Bitcoin Law approved in this Central American country has 60% of rejection.
As circulated in the main digital news portals on cryptocurrencies, 60% of the population of El Salvador rejects the approval of the Bitcoin Law that came into force in September last year. This is evidenced by data extracted from a survey conducted last month.
Pollsters visited more than 1,200 households in Central America's smallest country to ask residents what they think about the adoption of Bitcoin as legal tender? And other aspects related to the cryptocurrency pioneer.
Unfortunately, the response of the majority was one of rejection, as many consider that Bitcoin does not help to solve the economic problems faced by the Salvadoran population. This, taking into account that 65% of the residents of this country see the economy as the main problem of El Salvador.
Another fact to take into account is that 77% of the population said that after the implementation of the Bitcoin Law their economic situation has not improved. However, 76% have never used cryptocurrencies and 24% said they have used them at least once.
Me gustaría conocer tus impresiones sobre los resultados de esta encuesta.
SOURCES CONSULTED
CNBC. El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Siliconrepublic.
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Upvoted 👌 (Mana: 2/7) Get profit votes with @tipU :)
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Hi @lupafilotaxia
It's me again :) Another solid read, upvoted already :)
I've been myself very curious on real development of country El Salvador since they adopted bitcoin as a legal tender. They surely had much bad-luck since the day it happen - bitcoin has been only losing its value.
I think that those 60% rejections will drop down to few percent only once BTC will start recovering and will reach even 50k.
Yours, Piotr
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Hello friend @crypto.piotr
As I see it, the problem with El Salvador is that it entered the bullish phase of the cryptocurrency market, and where precisely BTC was in tracing the route in search of post halving historical highs. And practically when the price reached 69K it began to retreat and entered a bearish zone, and that is certainly affecting the citizens, however, in the future El Salvador will be a reference of economic and financial strength.
Best regards and be well.
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Hi @lupafilotaxia
Correct me if I'm wrong .... didn't BTC reach total peak on the day when El Salvador announced BTC being recognized as a legal tender?
I always had an impression, that this bear market started with some powers trying to crash the market on that particular day. To send a message to the world: DO NOT COPY EL SALVADOR
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