Over 70% of Surveyed El Salvador Citizens Say the Country’s Bitcoin Strategy Has ‘Failed’
Source: AdobeStock / Milosz Maslanka Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure. According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar, "to have been a failure." 75.6% of respondents said they haven’t used crypto in 2022 at all. The UCA rector Andreu Oliva, commenting on the results of the study, was quoted as saying that, “Bitcoin is the government's most unpopular measure, the most criticized and the most frowned upon.” The UCA study also found that 77% of Salvadorans think that President Nayib Bukele "should not continue to spend public money to buy Bitcoin." In July this year, Bukele announced that the country had bought yet another “dip” – purchasing BTC 80 at a price of USD 19,000 per coin. It appears that Bukele has authorized ...